0
What is the procedure to legally take a car due to non payment as the lien holder?
Wiki User
∙ 19y ago
The answer varies by state.
Wiki User
∙ 19y ago
Add your answer:
Earn +20 pts
I ve a clear title to my vehicle with no liens can the dealer legally repo this car?
If you are making a payment, whoever you are making the payment to holds a lien on the vehicle, unless the vehicle was purchased on an unsecure note (not likely). Some states will issue you a title even though there is a lien holder on the title, some require that the lien holder holds the title until the not is paid in full. Look at the title, itf the lien holder section is filled out, that is who holds the lien, they can have the car repoed. there is no lien holder on the title it is clear the car lot is in the sellers area
How do you Pay the deficiency but not interest?
CONTACT YOUR LIEN HOLDER AND MAKE THE PAYMENT ARANGMENTS / CONDITIONS AND TERMS. DEPENDING THE LIEN HOLDER YOU MAY BE SUPRISED ON HOW EASY THEY CAN BE TO WORK WITH.
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 ...
Can a lien holder file an ins claim on customer's auto policy?
No a lien holder can not file a claim against the insurance company as they are not the named insured, you are. Although if there is a lien on the vehicle the insurance payment for damages to your vehicle will be in your name and the lien holder name. They then might require that you fix the vehicle so they can protect their interest in the vehicle. each lien holder is different. CORRECTION: If the lien holder is named on the policy and the vehicle has been repossessed, the lienholder has a right to recovery under that policy.
Is an assignee a lien holder?
An assignee of a lien is the new lien holder.
How can a lien holder refuse to return property back to buyer?
Generally, if there is a debt involved the lien holder can hold the property until the debt is resolved. It is a security interest over property to guarantee payment.
What do you do when a lien holder refuses payment and you now live in another state?
What do you do if you over payed on a law suit
How can you legally repo a vehicle you sold to a friend who has not made a payment but you signed the title over so they could get tags?
You really cant sinced you signed the title...Its now there car you can take them to court and try to fight it. Next time you need to fill out the lien holder section on the back of the title listing you as the lien holder and then you have the legal right to repo.
Who needs lien insurance?
The lien holder would. A lien holder has a financial interest in the property
Can a lien holder refuse release of lien if debt is paid?
If a debt has been paid off, the lien holder is required to release the lien. If the lien holder refuses, you will need to get a lawyer and take the case to court
Can you sell a vehicle with a lien on the title?
Legally No. How can you sell something you do not own. As long as there is a lien, you do not own the vehicle outright. Go see the lender and get a lien release, if you no longer have a loan on the vehicle. Remember the lender is part owner of the vehicle until you make that last payment. If you clear the lien buy using the proceeds from the sale, you can guarantee a title within 30 days (required by law) to the new buyer. The lien holder will then release the title.
What is a Lian holder?
I think you mean LIEN (not lian) holder. A lien holder is one (an individual or company) which holds the lien to a secured real or personal property.
