Legal Question in Business Law in Maryland
Car Company wants money after 20 years
brought a car over 20 years ago. I crash the car and ever paid the 9,000.00 owe on the car. The car was repo. I receive a letter saying that I needed to paid for this car or they are going to put a lien on my house and send the information to the MVA, are they after me because I brought a house? Can they mess with my credit
Asked on 4/03/07, 2:33 pm
1 Answer from Attorneys
Robert Sher
Wagshal and Sher
Re: Car Company wants money after 20 years
Unless the lender sued you after repoing the car and got a judgment against you, they can't put a lien on your house. If they try to sue you now after so many years, the suit would be too old and subject to dismissal. If you own your house with your wife, they couldn't put a lien on your house unless she was part of the car situation.
Answered on 4/03/07, 5:16 pm
Related Questions & Answers
-
Officers of a corporation As President, how do I have the secretary and treasuer... Asked 4/03/07, 8:30 am in United States Maryland Business Law
-
Commercial rental lease my son bought a business and took over the lease from the... Asked 3/31/07, 11:57 am in United States Maryland Business Law
-
Conflict of interest 30 years ago a lawyer drew up corporation papers for two... Asked 3/30/07, 9:20 am in United States Maryland Business Law
-
Contracts My pool membership is up for renewal and they are requiring members to... Asked 3/29/07, 6:14 pm in United States Maryland Business Law