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by filmbuff on December 21st, 2006

filmbuff

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My name is on the title and there is a lien holder on the title (the bank)can another creditor have the car be seized by the sheriff's dept. to auction for the money owed?

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  • by jalex137 on December 21st, 2006

    jalex137

    I'm not an attorney, but if I understand the law, the short answer is no. There might be a way for someone to get a judgment against you by which they could do that, or seize other assets that weren't originally used to secure the loan, but I suspect that it might cost too much to be worthwile. And, I suspect that the bank would have something to say about it. This sounds like an idle threat from a collection agency, intended to panic you into coughing up money.

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