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Can a lien be put on property or a vehicle if both are paid off in full?

in other words I don't owe anything on my land or my car so can a lien still be put on either one?

3 Answers

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  • 8 years ago
    Favorite Answer

    Actually, the simple answer is yes. If you default on a different debt and the creditor then goes to court and sues you for payment and wins and if you do not then make payments or an attempt to correct the default, the creditor can return to court and ask for relief - one of which is a lien against real assets such as a car or house.

  • 8 years ago

    The simple answer is no. However, there are some circumstances where you can have a lien against a paid off property.

    For instance, if you have a Home Equity Line of Credit, the equity of the property is the collateral that is used for the funds. And a lien is placed against it. If you want to have the lien removed you would have to close the Home Equity Line of Credit.

    In other cases after you paid off a car in full, the financial institution might not automaticallynreleasemthe lien. You have to request dor them to release it.

  • ?
    Lv 7
    8 years ago

    Actually, the simple answer is yes.

    When you sell the property - then the lien is paid from the proceeds.

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