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Liens

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

2,139 Questions

What special bracket do you need to put a carb and intake on a ford 302 with an auto trans?

erm? bracket? huh? the intake and carb require gaskets, and those can be obtained from any auto parts store

How do you transfer a vehicle title?

The person who has the present title signs it over to the new owner. The new owner takes that certificate of title to the DMV and it will issue a new certificate of title in the new owner's name.

Can a lienholder repossess a car if it is titled to another lienholder?

When there are multiple liens on a car, it is possible for either lien holder to repossess it. However, one lien holder is normally in the first position and the other one is in the second position. The one with his name on the title is normally the one in the first position and is the one who gets paid first when a car is repossessed, no matter who does the actual repossession.

Can you repossess a car if the lien has not been recorded with the DMV but you signed the title and filled out the lien holder section in South Carolina?

http://www.scstatehouse.net/code/t36c009.htm SECTION 36-9-313. When possession by or delivery to secured party perfects security interest without filing. (b) With respect to goods covered by a certificate of title issued by this State, a secured party may perfect a security interest in the goods by taking possession of the goods only in the circumstances described in Section 36-9-316(d). (d) Except as otherwise provided in subsection (e), a security interest in goods covered by a certificate of title which is perfected by any method under the law of another jurisdiction when the goods become covered by a certificate of title from this State remains perfected until the security interest would have become unperfected under the law of the other jurisdiction had the goods not become so covered.

(e) A security interest described in subsection (d) becomes unperfected as against a purchaser of the goods for value and is deemed never to have been perfected as against a purchaser of the goods for value if the applicable requirements for perfection under Section 36-9-311(b) or 36-9-313 are not satisfied before the earlier of:

(1) the time the security interest would have become unperfected under the law of the other jurisdiction had the goods not become covered by a certificate of title from this State; or

(2) the expiration of four months after the goods had become so covered.

When do cars get repossessed?

Depending on the bank used to finance the car, after failing to pay 3-5 payments the vehicle will be repo'd.

Can you put a lien on a boat abandoned on your property for 6 years?

You could, but that would only keep the owner from selling it before satisfying your claim. It would be better to file for a junk, or abandoned title, and then sell it. The rules for this vary from state to state, so you would have to contact the agency that controls watercraft registration in your state.

Can you change a reconstructed title back to normal title after repairs to vehicle?

If you find a state that does not have reconstructed titles, and register the vehicle there, you may be able to do it.

How do you file a mechanics lien in Mississippi?

To file a mechanics lien in Mississippi one will need to go to the courthouse and file the paperwork. An attorney can be hired to file all the paperwork for you.

What do you do if you lose the title to your car and it has a lien on it that you are default in?

You didn't have the title to begin with. The loan company or bank does. So, you didn't loose it, but you may loose the car since it is in default . The loan company/bank owns the car, not you.

Phone number for gmac auto lien holder po box 8101 cockeysville MD?

800-200-4622 - automated

you will need your account # or Social Security #

www.gmacfs.com

How do you find a lien on a boat in Ontario?

Personal Property Registration Centre in Toronto

You check the person owning the boat for liens not the boat.

Can you repossess a vehicle with a lien against it?

yes, there are different situations but yes you can. if you are the sole owner than you can now you may find yourself in a legal battle behind a mechanic lien. Also if the company who placed the lien is in possession your best bet would be to go to your local court house in find out what your rights our. the vehicle is still yours, but weather or not your able to repossession. while in there possession, and if your reliable for the money owed is the question.

If your lien holder goes out of business can they re-posses your vehicle?

Depends on how they filled for bankruptcy. If they own the lien then who ever buys them out can re-posses your vehicle. If not bought out then it becomes property of the state and they will deal with it. Depends on local laws but any bank that sells car loans should be able to tell you in greater detail.

Can a lien holder repo a vehicle for no reason?

Not normally ... there must be some reason for this action on the part of the lien holder. If just one payment is missed, or just one day late, the lien holder could claim 'breach of contract' and demand return of the vehicle. I would be asking a high ranking official of this lien holder this very question ...

How do you go about buying a new truck in one state when you live in another state and what type of fees will the dealer charge you?

You need to inform the dealer that you will be buying the car and need it titled in the state you want to register it in. I don't believe that you have to pay another tax, unless you buy it there then take it home and re-register it as if you move.

How do you receive a vehicle title that still has a lien?

You can't. If a vehicle has a lien on it the lien holder is the owner of record of the vehicle.

How do you find out if a vehicle has been abandoned or not?

Check the website of your local police department. Many times, they have listings. Abandoned vehicles are mainly dealt with by the police.

Is it possible to have a lien on your vehicle even if you already have the title?

Yes. The title you received when you purchased the vehicle should show the lien holder. Even when you buy a vehicle on credit, you will receive a title. It is a lien title. You will not receive the full or clear title until the vehicle loan is paid off.

How do you put a lien on a car?

Contact the clerk of the district court in your jurisdiction. They will tell you the necessary procedures. Which forms you need to fill out, have notarized, proof of your claim, etc. You might consider Small Claims Court, which is simpler, but it is for monetary claims only (at leasst in the states I am familiar with). I am assuming you are asking foryourself, rather than how a lien could be filed against you. Regardless the basic procedure is the same. The papers are filed, a hearing is held, a judgment may or may not be granted.If a judgment is awarded, there is further paperwork/action that has to be done to enforce the judgment.

If it is in New York State, you file a lien against a vehicle's owner through the Department Of Motor Vehicles.

It costs about $350.

How do you file commercial lien?

I sold a business and the new buyer will not respond to my emails. She is two months behind so far this year. I need to file a lien and cannot find forms on line. Do you have any suggestions? Thank you