my son did not pay loan which i signed for and they repoed his vehicle. I did not put up my property or anything so can they still put lien on my house? Appreciate any answers
Can my property be liened for auto loan?
Depends on what you signed, read your agreement. However, you are liable, and will be until the outstanding debt is paid. It isn't going to go away, and it isn't going to shrink.
They can theoretically put a lien on your assets, any and all of them. They cannot repossess the house, because, as mark_200 points out, your mortgage holder has first dibs.
Can my property be liened for auto loan?
no they cant - if worried, talk to citizens advice
Can my property be liened for auto loan?
you are liable - i think the most they could potentially do is register a charge against your property for the debt but i dont think they can repossess your house because the mortgage lender would get 1st charge anyway
Can my property be liened for auto loan?
No - BUT you are personally liable for the loan balance. Their next move will be to file Civil action against you and he for any balance due after they sell the repo'd vehicle and expenses.
In essence, you are being impacted negatively on your credit score right now with additional damage threatened.
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