When you sell your home are auto loans automatically paid?
Not Unless you choose to pay it off. Selling your house has nothing to do with your auto loan. The only time an auto loan or any type of other loan would have to be paid off or legally settled is any loan you have defaulted on, and a Lien has been placed against your property. Each Lien will have to be settled or satisfied before the property can be sold. Liens can be placed on your property for various reasons, basically anyone can file a lien against someone by filling out the proper paperwork and paying the filing fee. As an example, I own a Locksmith business and I had a customer write me a bad check for $300.00 I tried for the longest time to collect this money through the proper channels, even my check collecting company was unable to collect the money. I filed a lien on his property for the amount of the original invoice, my bank fees and time I wasted trying to collect this debt. I paid $35.00 and placed a lien against his property, since I had all my paperwork order, and the debt was owed to me, he had to pay me my money before he could sell his house. Get this, he was pissed at because I had taken this action. Some nerve, he bounces a check and gets pissed at me. Hope this helps.
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