Seizure of a Vehicle to Satisfy a Judgement
My question involves judgment recovery in the State of:california
if a judgement holder was to seize a vehichle to satisfy a judgement, would they have to pay any liens on vehichle, such as gmac, or ford financing, or even private lender that may have lien on title? as example if car was worth 15k and maybe 5k owed on lein, and they had judgement for 3 or 4k? Who has to satisfy the lien?
Re: Seizure of a Vehicle to Satisfy a Judgement
As long as there is already a lien on the vehicle like a bank or finance company, they will not be able to sell it without settling what the lien holder is owed. The company on the title also owns the vehicle.
Re: Seizure of a Vehicle to Satisfy a Judgement
that is what i thought. so even a private party can have a lien on the vehichle and they would have to be paid first. i assume even a friend could be lien holder and car wouldnt be seized.