Legal Question in Credit and Debt Law in Texas
Bank placed a lein on my property 10 years after car repo.
Where can I get more Information about what the laws are on a creditor/collection agency placing a lein on my property after repoing an automobile? One year after we moved to property, car was repoed. 10 years after that, bank placed a lean on property without any notification. Three years later, (now), we try to sell and find out for the first time that the lean exsists. I need more information reguarding the laws about this. Seem like there would be some statue of limitation for placing a lean, and since the land was not even ours when the automobile was first finainced, it was definnatly not in the contract.
1 Answer from Attorneys
Re: Bank placed a lein on my property 10 years after car repo.
If this property is your homestead, it is protected from judgment liens. If you want me to assist you on this call me at 1-877-320-5232.
Thanks.