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Yes, if the creditor files suit and wins a judgment the judgment can be executed as a lien against real property belonging to the debtor(s). In most cases, the state's homestead exemption will protect a primary residence from being sold. Texas law does not allow forced sale of a primary residence, but the lien will remain in place accruing interest until it is paid, in which case the property cannot be refinanced, sold nor the title transferred. Judgments are very damaging to one's credit and because they do accrue interest the amount owed can become quite substantial. Most judgments are renewable, which means they will be removed from the CR after the 7 years expiration date, but they will remain valid and enforceable until paid.
What else can I help you with?
What is the statute of limitation for a repoed vehical to sue the company the repoed the vehical?
I want to take the company that repoed my truck to court. I need to know what the statue of limitation is to file.
If you cosighed on a motorcycle it got repoed am i responsible?
If you cosigned for the note, you are saying that if the person who took out the note does not pay you will. I am surprised the lender did not come after you prior to repo.
How long on your credit rating after a motorhome is repoed?
Seven years.
Can you get your wheels back if car was repoed?
No As far as finance company is concerned the car came with wheels, it has wheels on it when repoed. Done deal.
How can you find out if your husband cosigned a car loan for an old girlfriend?
If it's your husband go to experian/reports.com and pull his credit report, but if he did and you see it what's done is done because even if he takes it back or she get's it repoed it'll still be on his credit that's a very bad decision once made, just ask 'God to help you forgive in your heart and move on. If you Love him if not use it for an excuse. Dallas,TX cheaters.com
What if the company that repoed your vehicle sells it for less than you owe?
They will look to you for the remaining balance
Will your car be repoed after 30days late?
That depends on the terms set forth by your finance company.
When a car gets repoed and sold at an auction for less than its value can the leading company put a lien on your credit report for the balance?
The lender will get a JUDGEMENT for the balance due and put THAT on your CR. And then use their OTHER legal options.
What can you do if you cosigned for your daughter's car two years ago and now she is two months behind and cannot make the payments and you cannot make them for her?
Try to help her find a BUYER for the car before it gets repoed. If the payoff is $5000.oo and your buyer will only pay $4200.00, find the $800.00 needed to pay it off and you're both home free. great credit(mostly) and NO collection hassles. good Luck
If a person gets their repossessed car back within a certain amount of time can the bank report it on their credit in Arizona?
If a person's car gets repoed, the bank can report it on their CR in any state. When they redeem it doesnt matter, its the fact that it got repoed that gets reported.
What if the repo company didn't get a 'hold' message not to repossess and they went ahead and took the car?
IF you payed current B4 it was repoed, then the lender will bring it back, uaually. If it was simply put on hold and repoed, you pay to get it back. The LENDER is responsible for repos.
If your car was repossessed and you paid the loan off do you get the title?
If your car was paid off, then why was it repoed? Or if you mean you paid it off after it was repoed, then if the loan company accepted your money,then they have to give you the car and title back. I would call them and get it back or your money back.
