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Liens

The right of a creditor to sell collateral property when a debtor defaults on their loan

2,139 Questions

Can you get a check from a claim to you directly when the car has a lien holder?

No. If processed correctly the check will be made out to you and the lien holder.

No. If processed correctly the check will be made out to you and the lien holder.

No. If processed correctly the check will be made out to you and the lien holder.

No. If processed correctly the check will be made out to you and the lien holder.

Is Virginia a lien theory state?

Virginia is a title theory state.

Virginia is a title theory state.

Virginia is a title theory state.

Virginia is a title theory state.

Can a trust place a lien on a car?

Any lender can place a lien on a car.

BUTA trust can be different things.
  • A trust meaning a institution like a bank that lends money
  • A charitable organization

And many other things.

How do you remove a lien holder off an abandoned motorcycle in New Hampshire?

Generally to remove a lien, you have to pay the amount of the lien to the lien holder. Even if it is abandoned, the lien holder still has a financial claim against it that must be satisfied before the title is clear. The only other possibility is to show a court that the lien is not legitimate.

When can a lawyer place a lien against your real estate?

A lawyer can place a lien against your real estate after they have sued you in court and won. The court then issues a judgment lien and the lien is recorded in the land records. The property cannot be sold or mortgaged until the lien is paid.

Can a car be repossessed AFTER chapter 13 filing in Missouri?

Yes. Only if there was a relief of stay issued for the vehicle or you signed a reaffirmation for the vehicle loan and didn't make the payments.

Can a bank repossess a car if taken to dealer for repair?

A dealer will never repossess, UNLESS they are also the financier. most dealerships sell the loan to a bank, whom you make payment to... this bank will be the "reposseser". Now, that's not to say that the bank will not notify local dealers to be on the lookout for a car they are actively chasing to repossess, but most of the time they will just come to your residence to serve the repo. I have never heard of a dealership doing so, because most banks have folks that can get your car by other means if they want it back bad enough.

If you have the title to your car can someone put a lien on it?

Yes, if you left it for repairs in a shop and did not pay for repairs, they can put a mechanics lien on it, also if your car was towed and you did not take it out of storage they can put a storage lien on it. Sometimes even when you finance a car if they accidentally forget to add a lien and you receive the title, they can still add the lien with the contract or agreement they have signed by you.

Can the bank holding the lien on a car find out if you have only liability and can they repossess if they require full coverage?

Absolutely! The insurance company should be sending the lien holder a copy of your policy and if you are not providing full coverage they will either repossess the car or purchase Lender's Single Interest Insurance (very expensive policies) and add the premium to your loan.

If a car is repossessed what are the options to pay this debt?

3 or 4 options.1. Pay it off completely after it is sold and the lender tells you "PAY US NOW".2. tell Lender you are financially embarrassed and will pay it in installments. (IF you would do that, you would pay them now and not get repoed)3. Pay the lender what you can IF they agree to it.4. Wait until the lender gets a judgment for the balance owed and garnishees your wages.Lucky #5. Declare Bankruptcy.

What happens to a lien on a house after it expires?

The lain stays with the mortgage. And if the owner of the mortgage does not settle up with the lien holder that person cannot sell their house, car, boat or whatever the lien is on. They have to pay lien first or sell and before they get the money the amount of the lien will be deducted from total sell

How does a homeowners association place a super lien against a property?

Liens are a legal specialty and best practices dictate that you work with association counsel to file the proper lien, properly, to maximize the association's chances that it can recover money from this action.

An improperly filed, improper lien may afford the debtor defense against your claim.

What qualities do you feel a title holder should possess?

A qualities of a title holder should possess by being a good role model,doing good to others and intelligent of what she is doing ..

Would a UCC lien on a property have priority over a mortgage that was recorded prior to the UCC?

The lien that was recorded first would have priority.

The lien that was recorded first would have priority.

The lien that was recorded first would have priority.

The lien that was recorded first would have priority.

Can a lien be placed on your property in one state if you move to another?

Yes. The judgment creditor can also file an Abstract of Judgment against property owned by the debtor in another state if the action is warranted.

Did your car get repossessed by the IRS?

The IRS can reposses everything-- Even your clothes!!! Technically yes, but it very rarely happens. An IRS lien technically attaches to EVERYTHING you own (even your toothbrush), but that doesn't mean the IRS is going to come take your toothbrush.

If a bank dose not have a lien on the car title do you have to give the car back or just keep paying for it?

the bank has to
file papers with dmv to see if it was done wrong and if so the dmv will void the original title and issue the bank another title with there name as lien holder then sell the car

If a bank withdraws money from your account without notifying you are you responsible for NSF charges?

If the bank for some reason widraws money without your consent it has to be for a powerful reason (trouble with the law) they need an authorization paper from the court to widraw that money and later they would have to freeze it so that you can't use the account, that is normally in the US I don't know the procedure on an international country and it depends on what type of bank you are. I would need more info.

How is the title issue handled on a legal repo?

illegally repossessed??? Sounds more like dumbly sold. You should call a local attorney for state spectic advice.The seller should either be listed on the title as LEINHOLDER OR have a perfected security interest(UCC filing). If neither of these, things get shaky. Maybe that's why the seller wants the title back so badly. Call an attorney.

Can the lien holder in Florida repossess a vehicle if insurance is cancelled?

YES!!! Lienholders must protect their investment so therefore you must comply to their rules and regulations

Trending Questions
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