Legal Question in Civil Litigation in New York
My car was seized
Hello and thankyou for letting ask on here. I have a civil judgement against me for a creditor I owe money to. I own a 2005 Ford car which is financed through a bank and they have a lein on it until its paid off. Can the sheriff seize my car and sell it even if there is a lein on it? It its sold at the auction that to me would think the title would be changed to the new owner and I wouldn't have to keep paying the bank. Please advise me on this. Thankyou, Pat
2 Answers from Attorneys
Re: My car was seized
Pat:
If there is enough equity in the car to pay off the car loan and good part of creditor, it can be sold off at auction.
However, first the car company would get there $$, then any extra $$ to creditor.
So, you would not owe the car co anymore BUT you may still owe the creditor if they are not fully paid at end of auction. Plus they will tack on charges for auction fees, attorneys, etc.
Can you offer creditor a monthly payment plan?
Re: My car was seized
Yes, the car can be seized. Any judgment remains until the judgment is paid off.
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