Can a creditor place a lien against a house or car that's not paid for?

Answer 1

Yes. As an example, if a car is stored for a certain length of time without the storage charges being paid, the storage company can put a lien on it to pay for the storage. If the vehicle is not picked up after a "certain length of time" and the owner has been "properly notified" the vehicle can be sold in a lien sale. Laws vary a bit from state to state, but the basics are similar.

Answer 2

This is possible in some states, but keep in mind that in some states also, a lien is no protection. It is possible in some states to sell a vehicle with no interference from a lien holder. Typically the type of lien you are refering to is called a mechanics lien, or something similar.

Answer 3

You can have a lien placed on any property for which you have just cause to place a lien. The fact that it is financed does not affect this. keep in mind though that on financed property, if there is a balance still outstanding to the primary lender, you are a secondary lien holder. You will receive no payment typically until the first lien is satisfied.

Answer 4

If it's leased from you, there's no need for a lien, as the terms of the lease already cover what a lien would cover insofar as asset recovery goes. If you're leasing the vehicle, then no, since you don't own the vehicle to put a lien on to begin with. Mechanic's liens, and government liens (e.g., impound liens), however are still applicable to a leased vehicle.

Answer 5

In most states it is possible for the action depending on the exemption status of the vehicle and how it is titled.

Answer 6

Yes, however the judgment lien would take second place after the existing lien(s).

Answer 7

In most states yes.

Answer 8

yes