QUESTION
Can a property levy be transferred to other property? There is a levy on my vehicle and need to know if it can be transferred.
Asked on Nov 19th, 2012 on Civil Litigation - Delaware
More details to this question:
The creditor agrees to let me trade in my current vehicle if they can transfer the levy since I can't afford to pay them and my car payment. They are only going after me because the other party doesn't have anything but I was just the cosigner.
1 ANSWER
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It is really not that complicated for a credit to release its lien on one item of property while simultaneously obtaining a lien on new property. An attorney can assist you in this process. Chances are that the creditor knows exactly how to carry it out.
Answered on Nov 20th, 2012 at 9:39 AM