Legal Question in Credit and Debt Law in Texas
putting lien on auto
I bought vehicle for grown children, vehicle is in my name. I have clear title. We are concerned with the lack of payments from them and also our exposure from insurance perspective. We wondered if we could attached a lien to the vehicle. We have proof the vehicle was purchased in our name. I assume we would be considered the lien holder.
Asked on 7/30/08, 11:18 am
1 Answer from Attorneys
TC Langford
Langford Law Office
Re: putting lien on auto
You may want to take the actual documentation to an attorney for review -- your description sounds as if you are the title owner, not a lien holder, of the car. If you are title owner, you can go pick up your car (peacefully).
Answered on 7/31/08, 2:22 pm