Found lean on my car

[dcoul]

What is the name of your state (only U.S. law)?

I live in Calgary, Canada. I bought a car two years ago from a private seller for $4,400. Trying to trade it in now at a car dealer, they enquired and came back to me telling me there is a lean for $5,000+ on my car, from a financing company in Texas. The vehicle's value now would be $1,000.

Is there a risk that the car dealer's enquiry trigerred the financing company's system and that they come after me now?

If so, is it the vehicle only I risk losing or could they come after me for the difference, knowing that the vehicle's value is low?

Am I stuck with that car until I take it for destruction? And would they take it?

What is my risk and how can I get out of this situation? I don't dare calling the financing company to not flag myself as the owner of the vehicle.

Thanks

 

[seniorjudge]

Was this lien put on the car in Texas?

 

[Zigner]

What is the name of your state (only U.S. law)?

I live in Calgary, Canada. I bought a car two years ago from a private seller for $4,400. Trying to trade it in now at a car dealer, they enquired and came back to me telling me there is a lean for $5,000+ on my car, from a financing company in Texas. The vehicle's value now would be $1,000.

Is there a risk that the car dealer's enquiry trigerred the financing company's system and that they come after me now?

If so, is it the vehicle only I risk losing or could they come after me for the difference, knowing that the vehicle's value is low?

Am I stuck with that car until I take it for destruction? And would they take it?

What is my risk and how can I get out of this situation? I don't dare calling the financing company to not flag myself as the owner of the vehicle.

Thanks

What was the name of your state again?
(There are only 50+2 acceptable answers and Calgary ain't one of them)

 

[seniorjudge]

...
(There are only 50+2 acceptable answers and Calgary ain't one of them)
...

I respectfully disagree: The CORRECT and ACCURATE legal answer is ---

(There are only 50+2 acceptable answers and Calgary ain't one of them, eh.)

 

[Zigner]

I respectfully disagree: The CORRECT and ACCURATE legal answer is ---

(There are only 50+2 acceptable answers and Calgary ain't one of them, eh.)

Wow - it took me 3 times of reading that before I caught it. Thanks for the correction!

 

[TigerD]

lol ... I am obviously not a lawyer - it took me five times of reading to catch that.

But I would counter that this is a question of US law as it details collections from a Texas company regarding a car that was permanently removed from the country, which I am sure was a breech of the contract and possibly a criminal offense(?) and is going to result in an unpleasant experience for the OP.

DC