Legal Question in Real Estate Law in Pennsylvania
Can a finance company put a lien on your property if they reposess your car?
Asked on 9/10/10, 8:20 am
1 Answer from Attorneys
Cary Hall
Law Offices of Cary B. Hall, L.L.C.
Yes, IF certain steps are taken. First, the finance company must obtain a deficiency judgment against you. Once that occurs, a writ of execution must then be filed against you which directs the county sheriff to levy your real or personal property. A deficiency judgment could also act as a lien on your real property as well. Hope this answers your question.
Cary B. Hall, Esquire
Law Offices of Cary B. Hall, L.L.C.
121 East Chestnut Street, Suite 205
Souderton, PA 18964
T: (267) 663-9995
F: (215) 525-4364
http://www.carybhall.com
Answered on 9/15/10, 8:34 am