I lent someone $1,000.00 2 years ago and they haven't paid me back one penny yet. He bought a newer vehicle and I want to know if I can put a lien on this vehicle for non-payment of this personal loan.
2006-11-18 23:27:11 · 6 answers · asked by mwright7155 1 in Cars & Transportation ➔ Other - Cars & Transportation
you'll need to check with your local courts... typically, you can put a lien on personal property for unpaid debts, but that refers to houses/dwellings. (see statement below).
It occured to me that perhaps reminding your friend might bring them to satisfy the loan. Is it possible that they forgot they owe you? Don't be shy... just ask them.
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The mechanics lien acts allow lien claimants to place a lien against the property. This ensures that the property cannot be sold without first addressing the payment due to the lien claimant. The statutes further provide that lien claimants may file suits to foreclose on their mechanics liens, which can result in the judicial sale of the property in order to pay the lien claimants.
In order to qualify for this unique remedy, the lien claimant must enhance the value to the property. One cannot file a mechanics lien merely because the party who breached a contract happens to own real estate. The lien claimant must have provided goods or services which were used to enhance the value of the property.
2006-11-18 23:30:38 · answer #1 · answered by tampico 6 · 0⤊ 1⤋
1
2016-09-28 10:09:58 · answer #2 · answered by ? 3 · 0⤊ 0⤋
You could only do it if they had let you put your name as lien holder on the title.
You best bet is small claims court , if you have a contract for the loan. Most states only charge about $20 to file. You don't need a lawyer.
2006-11-18 23:58:10 · answer #3 · answered by R1volta 6 · 0⤊ 0⤋
If you have no contract with him no. you should have had a contract written up before they even bought the vehicle.
We had a lien with a bank, until we paid off the vehicle we couldnt get a title showing full ownership of the vehicle.
If youu didnt have a written contract with them or a vebal contract with witness' your out that 1,000
2006-11-18 23:35:57 · answer #4 · answered by Catelyn O 2 · 0⤊ 1⤋
That is a good question I hope you get some reasonable answers
2016-08-23 10:57:45 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Was curious on the answer too
2016-08-08 19:41:17 · answer #6 · answered by Anonymous · 0⤊ 0⤋