Can creditors put a lien on personal property?

gmakerley · Posted: Thu Nov 05, 2009 10:27 am Post subject:

for anyone wishing to check his or her own credit report, please use annualcreditreport.com, as this is the only authorized site in use - authorized by the major credit reporting agencies.

for credit-related and rights-related inquiries, you ought to check ftc.gov - the federal trade commission's site.

Guest

if my husband gets a judgement against him for half a million dollars for breaking a lease, can they take away our second condo at the beach that is under both our names

gmakerley · Posted: Thu Nov 19, 2009 9:32 pm Post subject:

not until he defaults on that judgment, and even then there'd have to be a foreclosure notice filed, you file your response, and things drag on and on until resolved.

conceivable? yes. will it take forever and a day? yes, i'd say so.

jameshogg · Posted: Thu Nov 19, 2009 10:41 pm Post subject:

Hi vaso,

The creditor can place a lien on the jointly owned property. Whenever you try to sell off the property, you will have to satisfy the lien first.

Thanks

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