Can you repossess a vehicle for nonpayment if it has a lien?
YES, IF-IF-IF you can pay the loan off. The lender will have to be involved in the sale to get the paperwork done.Lenders will NOT release the title until the loan is paid in full. Dont get yourself in a mess trying to do it alone. Find out from the lender what the payoff is and then make sure you have that amount ready to give the lender when you complete the sale. Good Luck
What if creditors already are looking for it/reposession order already out for it? Can this still be done?
Likely the only way to do it is CALL the lender, get the payoff and get that amount to them NOW.They want the money more than the car.....
A lien is possible but it could not be used as a forced sale for recovery of monies owed. The lien would stay valid until paid or the person whom the judgment was against died. The aforementioned does not relate to marital property as Florida law allows and presumes that a married couple holds real property as Tenancy By The Entirety and cannot be attached in any manner when only one spouse is the debtor.
Have homestead exemption am a widow where do you apply for widow benefit for homestead exemption?
You should call your town offices and ask to speak with the assessor's office. You could also check online for your town or county official website where the information will also be listed.
Is a house lien still active when the owner dies?
A lien does not go away with the death. It remains against the estate of the deceased. The debtors will likely file their claim with the estate and make sure they get their money one way or another.
Can you refile if you filed for bankrupty before by yourself?
What could you possibly mean by overturned?
Bankruptcy cases are dismissed (for any number of reasons) or discharged (as in completed).
It is all covered by Federal law. Depending on which and why will depend on when you can refile.
Why is there a lien on your car?
Typically because you owe money on it. When you take out a loan, the lender will use the car as collateral. This way if you default (fail to make payment) the lender can reposes (also known as recovery) the car to attempt to recover their loss. Once you have satisfied your debt the lien will be lifted. You can then go to the SOS or DMV with your title and prof of lien holders satisfaction and have the lien removed from the vehicles title. Some financiers do this last step for you.
Liens can however be more complicated. The lien is partial ownership of the said collateral, meaning you cannot sell a vehicle without the consent of the lien holder. Lenders can get away with it because upon your failure to make payments, you void the contract and forfeit your portion of ownership.
How do you defend inventions against copycats?
As soon as a work of sufficient originality is fixed in a tangible medium, it is automatically protected by copyright. This may not prevent people from duplicating it, but it does give you the right to take action against them.
If you intend to use it as a mark in trade, such as a business logo, you may elect to register it as a trademark as well.
A lien form varies from state to state. In addition, there are specific requirements which must be followed for filing liens. To avoid any unnecessary, costly litigation, resulting from errors in preparing and filing the lien, I strongly advise the HOA to retain an attorney to file any necessary liens. Also keep in mind that attorney fees can be collected in addition to the lien amount (in most states), so the HOA will not pay any attorney fees out of pocket once the lien has been paid.
How do you remove a lien on property that is not my debt someone else whos name is like mine?
Tax liens will only be removed after they have been paid, been discharged through bankruptcy or the time to collect (statutes) have expired, or an agreed amount has been Paid thru the "Offer in Compromise" program.
Is a condo association required to have a board of directors?
If the association is a corporation -- and in most states, this is true: associations are usually non-profit corporations, the state may require that the corporation have a board of directors.
Without a board, it's unclear how an association could operate the business composed of the multi-millions of dollars represented in the collective investment in real estate.
The action a creditor can take depends on the time frame, the state the person resided in, and the type of debt. In most cases a court will allow a creditor to file suit in the party's previous residential state. If the person has any property or open bank accounts, a judgment award can be executed against them. And yes the person's credit will be damaged.
How do you do lien search for free?
It will depend what the lien is on, real estate, vehicle, personal property or judgement, etc? Most things like this will be listed with your local Clerk of Court office. But, you might also find tax liens in tax records, in the Tax Office, in the Court House Bldg. ( this would be for local taxes, county, city). Most of the time if you ask for help, explaining what you are looking for, the people working in the offices will help you out, showing you where you need to look. These public records. Oh, also pulling a credit bureau report would show anything listed as a judgement, or lien attached, to your own property.
How can you collect if you own your home with someone else and they owe you money?
Ask them for the money that they owe you, or take them to small claims court. Good luck and God Bless:)
What happens when you put a lien on property?
You will have to pay off the lien at the time you sell the home you live in. If you apply for a loan based on the house as collateral, then the lien will be taken into consideration.
I am not sure if your mortgage company is going to recognize the lien as being in first place should you also default on this home, or if there will be other issues with them.
Do you need to pay off a person's debts with their life insurance proceeds?
Yes. what ever estate is left is to pay off debts and then be distributed to heirs. That depends on who the beneficiary named on the policy is. If it is payable to the estate, it is an asset of the estate that is used to settle the deceased's debts. If the beneficiary is an individual (spouse, child, grandchild, a church, university) then the proceeds belong to them.
Always name a person as the beneficiary in a life insurance policy. Never give the government more than is their due.
Liens are not placed on loans. Liens are placed on the property that secures the loan. If a co-signer who does not own the property secured by the loan is sued for default, the lender could obtain a judgment lien and then use it to take any property owned by that party to satisfy the debt.
Liens are not placed on loans. Liens are placed on the property that secures the loan. If a co-signer who does not own the property secured by the loan is sued for default, the lender could obtain a judgment lien and then use it to take any property owned by that party to satisfy the debt.
Liens are not placed on loans. Liens are placed on the property that secures the loan. If a co-signer who does not own the property secured by the loan is sued for default, the lender could obtain a judgment lien and then use it to take any property owned by that party to satisfy the debt.
Liens are not placed on loans. Liens are placed on the property that secures the loan. If a co-signer who does not own the property secured by the loan is sued for default, the lender could obtain a judgment lien and then use it to take any property owned by that party to satisfy the debt.
How do you get a judgment lien on a bank account?
Yes. The law in all US states does not allow multiple judgment actions by a single creditor but it does allow consecutive acts of judgment by multiple judgment creditors. For example a wage garnishment or bank account levy is possible by one creditor, seizure and sale of non exempt property by a different judgment creditor, and so forth, however, one creditor cannot execute a judgment by using concurrent methods . Liens are the exception, there can be multiple liens against real property at the same time, with the liens being prioritized according to the date they were filed. Joint bank accounts in the majority of US states are subject to levy by a creditor judgment. The exception being a few states that allow a bank account to be held by a married couple as Tenancy By The Entirety where only one spouse is the debtor.
How do you collect monies owed to a business by a contractor for work you performed on a property?
Place a lien on the property,house,etc. You will have to go to the courthouse where the property is and file a lien against the person(s) who owes the money. If it's a house,building,etc. the property cannot be sold until the lien is solved. It varies by state so check with your local courthouse.
Can you put a lien on property that you have paid the back taxes on?
Absolutely. If you are sued and a judgment is rendered against you, a lien can be placed against your paid-off property. Because you have 100% equity in the property, your exemptions may not protect the property fully.
Your motor home was repossessed. Can the creditor put a lien on your home?
Unless the loan covers both your home and the motor home, the two are not interconnected.
Another Perspective
The bank may be able to sue you in court for any deficiency after the motor home is sold. If it is successful it may be able to obtain a judgment lien that can be recorded in the land records. If there is no automatic homestead exemption in your state you should check into recording one that covers your primary residence.
If you put a lien on someone's house what happens if the house goes into foreclosure?
Liens get paid off in the order the lien is recorded, except for Government liens. For example: house sells for $100,000.00 at a foreclosure auction. There is a $80,000.00 first mortgage, $5,000.00 in back taxes, $3,000.00 in nusance abatement fees and a $35,000.00 second mortgage and a $6,000.00 third mortgage. The $5,000.00 in back taxes gets paid. The $3,000.00 in nusance abatement fees gets paid. The first mortage holder gets $80,000.00. The second mortage holder gets $12,000.00 of their $35,000.00 second mortgage. And the third mortgage holder gets nothing. The third mortgage holder would have to have bid enough to cover all the prior liens in order to protect their position. In this example at least $123,000.00. Then the property would be theirs to sell and try to get more than $123,000.00 to get some of their $6,000.00 back or if they could sell it and net $129,000.00 after costs they would break even. The second mortage holder would have to bid enough to cover all the prior liens in order to protect their postion. In this example at least $88,000.00. Anything above the $88,000.00 that the winning bidder paid they get to keep up to the $35,000.00 owed them. The second mortgage holder would have to then try to sell the house for a net of $123,000.00 in order to break even. There are books written about this subject.
How do you file property lien in Illinois?
Since you chose this category, apparently you want to file a lien against a condominium unit owner's title to their property.
Best practices dictate that your association attorney can help you. You need your governing documents, which specify when to file a lien, and you need the ledger of the non-paying (assessments) owner.
With this information your association attorney can file the lien in the local courthouse. In order to release the lien, your attorney will add all fees and expenses to the amount due -- in addition to the unpaid assessments, so that the association bears no expense in this process.
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In non-association matters, it remains a good idea to involve an attorney. Be prepared with the proof of the debt owed and your standing (with rights to collect) in the matter.
How do you file a mechanic's lien bond in California?
In California the regulations and statutes to file a automotive mechanics lien have changed over the past few years. In essence, an individual can not file a Lien, it can only be filed by a automotive repair or storage facility.
The repair facility must have a Bureau of Automotive Repair license (BAR) and the possessory lien holder can use a service that is licensed as a Registration Service such as autolienservice.com.
you can file it yourself.
you can hire an attorney.
or you can use a service like http://www.expresslien.com.
Read more: http://wiki.answers.com/How_do_you_file_an_automotive_mechanics_lien#ixzz1CGulc9xd