Can a different creditor seize my car for a old judgment

[amf]

STATE OF NJ Can a different creditor seize my car for a old judgment if the bank I financed it with still holds the title?I make all my payments on time and my account with the bank that financed it is in good standing. So can a third party seize it even though my bank holds the title.i don't buy yet the car.i have couple 10 years old judgements totaling around 10000 with the interest.now my credit is very good and a bank give me a loan for 11000 to finance a car.the bank is going to hold the title until i pay.now can the priors creditors who have judgements against me seize the car if the bank hold the title; thanks

[Frogge]

Hi,
If I'm following you correctly, you are asking if creditors can take your car for money you owe them. If that's right, then the answer is "no", the bank that loans you the money for the car will be the priority lienholder of your car until it's paid for.

[amf]

thanks.even if the jugment is older than the loan i take;

[HHM]

This issue is mostly moot because judgment creditors, rarely, if ever, go after a persons car. It is simply not in their best interests.

When it comes to assets like cars and houses, creditors must "perfect" their liens by filing appropriate notices of liens, in the case of cars that is with the DMV, in the case homes, that is the county recorder.

Unless this judgment creditor had some notice of lien, the secured note will always take priority.

[AngelinaCatHub]

[amf]

how is go the creditor seize my car that dont have any equity build sell it at auction with out title pay the bank what i own pay me up to 3000 for the jugment expemb;or becasre is older jugment the court force the bank to hand over the title and i stuck with the banks payment with no car;

[HHM]

I doubt you have anything to worry about.