Posted on: 08th Dec, 2010 09:27 am
I returned a car to the dealership because of my employee cutting our hours from 40 hrs. to 32 hrs.
They auctioned the car off and now say I owe them the balance. If I can't pay this they will put a lein on my house. Can they take my house?
They auctioned the car off and now say I owe them the balance. If I can't pay this they will put a lein on my house. Can they take my house?
Hi otto,
The car lender can come after you for the deficient balance resulting from the property sale. If he does not receive the deficient balance, then he can get a judgment and place a lien against your property.
The car lender can come after you for the deficient balance resulting from the property sale. If he does not receive the deficient balance, then he can get a judgment and place a lien against your property.