Cases Where You Owe Money On An Asset Being Held

Interviewer: What happens if you owe money on the car?

Dale: The prosecutor might not want it. However, you know, it’s up to the lien holder to assert his right.

Interviewer: Have you seen people where they’ve lost their car, and then their lien holder comes after them for their money?

Dale: Yeah, the lien holder comes and asks for the car to be released.

Interviewer: Will they release it to the lien holder, or no?

Dale: They usually will release it to the lien holder, if the lien is significant.

Dale: But how about the lien holder doesn’t ask? The car gets forfeited and you still owe for the car.