More on priority lienholder in Pennsylvania?

Question

Thank you so much for your two responses, maybe I did not give the correct details judging by the answers. There is a loan agreement signed by both parties in the amount of $4,000 with the vehicle's title being held by the lender as collateral for the promissary note. This is clearly written within the note. There was no need to file the lien as the loan has not defaulted. He is currently paying the loan back and is in good standing. The problem is he is being sherriffs saled and the vehicle has been listed as property to be sold for another completely different matter. We filed objections at the District Magistrate to the property being levied for the sherriffs sale and intend to show the promisarry note and the proof of payments made on this loan, so that the vehicle will be removed from the list of items to be sold, as the PRIMARY LIENHOLDER. This is at the local district justice and whever I go into court in the local DJ, I ALWAYS take in proof, ie case law, statutes, whatev

Answer 1

I understoood your situation in the original question. The problem is, the car is still his property and can be confiscated. If you cannot get it removed from the list, you may need to let them know that you have a valid lien so that you get your money. This happens with repossessed homes. The new buyer is responsible for past liens. Sometimes they are not listed when sold. This is why a prospective buyer needs to check all the paperwork before buying.

Answer 2

with a bit of luck, you have something in wrting pointing out the reason you're conserving the identify. in basic terms possessing it is going to do you no stable. you will possibly be able to wind up submitting paperwork on your money against the valuables.