If i inherit a car but i have a title loan on a another car can they take the inherit car
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If i inherit a car but i have a title loan on a another car can they take the inherit car
I inherit the car
Asked on February 28, 2018 under Business Law, Texas
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 6 years ago | Contributor
Not directly: the second car is not security or collateral for the first. BUT if they sue you for the money due on the loan and win, and you still do not pay, IF they become aware of the 2nd car, they can try to "execute" on or seize it: taking and selling someone's personal property (including a vehicle) is one way that creditors can try to get paid. Again, they have to sue you for the money first and win; then they can go through a legal process to get a court order authorizing the sheriff to seize the car, if they become aware that you have one.
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