I have a car that i sold to a supposed friend and we put a lean on the title. He was to pay it completly off by the end of october. He owes $175 still and he told me that he can get me two payment, next wed and two weeks after that. Is the lean still affective past oct or what should i do? I know a bank would repo the car by now but i also don't want to get screwed over any money. He only bought the car for 800.
2006-11-02 22:41:50 · 2 answers · asked by cobra69_68467 2 in Cars & Transportation ➔ Buying & Selling
If there is a lien (note the spelling) registered on the title, the lien is in effect until you (or a court) give him a release. It does not expire when the last payment should have been made!
You are still protected. It actually was a great idea to file the lien!
2006-11-02 22:52:07 · answer #1 · answered by fire4511 7 · 1⤊ 0⤋
The lien does not expire until you release it. If not paid by the due date it just means that the buyer has defaulted and you can go to small claims court to file to repo the car.
2006-11-03 08:13:40 · answer #2 · answered by R1volta 6 · 0⤊ 0⤋