Embargos
Contrary to popular opinion a vehicle CAN be transferred to a new owner with an lien (embargo) against it, this depends on the type of debt and also the stage proceedings to recoup the debt have reached. This can cause problems for the new owner so it is essential to obtain a report (Informe de vehiculo) before handing over any money. If you have already purchased or the debt is your own, what can you do about the embargo? Firstly you need to distinguish between two types of debt – to private creditors and to a government agency. Depending on …
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