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kasiamccormick · Joined: 09 Jun 2010 Posts: 1 1.39 Dollars($)

My husband owns 20.000 to the bank. This is a personal unsecured loan. We recievied a summons. First of all, Is it too late to negotiate payments with the creditor? Also, can the creditor put a lien against our home? We live in CT.
Who can help us with this process? Lawyer, not for profit organization?
Please advice.
Thank you.
Katy

sandrawilli43 · Joined: 11 May 2010 Posts: 43 10.41 Dollars($)

Hi kasiamccormick,

As you have received a summons you need to answer to that within the stipulated time, else the lender will win a default judgment against you. Thus, you should prepare the answer first. For that, you ca visit the court, and request the court clerk there to help you in answering to the summons. You still negotiate payments with the lender. Get an agreement in writing that they will stop the lawsuit once you make the payments.

As for your second question, yes, a creditor can put a lien against your home. However, they can do this only if they win a judgment against you. Can you give more details on this credit card? Why do you think the creditor is going to put a lien against your property? or is there already alien against the property?

Thanks,

Sandra

Posted: Thu Jun 10, 2010 6:21 am Post subject:

No, they havn't put a lien against the house yet. The credit card is a citybank orporate card and it was closed in 2008. My husband lost the job two years ago so we were focused first on finding a job and paying the most important debds (like mortgage). Now we are in much better shape and we would like to deal with the remaining payments.

I was wondering what is the best way to negotiate with the creditors? What would you advice? Go to nont for profit advisor for help or simply do it by myself?
Also, we would like to make one time payment, cash to the creditor but reduce this payment to 10.000.

Please advice. Thank you.

banker0679 · Posted: Sat Jun 12, 2010 11:32 am Post subject:

1. find out what the statute of limitations is in your state
2. find out if your husband was/is directly responsible for the debt or is it covered under the business
3. try to negotiate a settlement or payment plan if all else fails. hiring an attorney will add more costs (if you get a bad attorney)
a good attorney may help lower the debt for you
most BK attorneys will do that for you even if you odnt file for BK.
they'll charge you but it will be better than paying all that money....you may pay even up to half of the amount

Guest

We live in a golf course community (Delaware) with numerous sub-divisions within. We are being charged for fees that are being questioned by many homeowners. The golf course is sending letters saying that they will put liens against homes if fees are not paid within 10 days. Two questions:
1. Once they start proceedings, is there ever a time that homeowners can dispute?
2. If they put the lien against your home, does it go against your personal credit?
Thank you.

smithsussane · Posted: Tue Jul 13, 2010 1:52 am Post subject:

Hi Maddie!

Welcome to forums!

In order to put liens on the property, the golf course authority will have to file judgment in the courthouse. You can fight the case when the community files for it. The lien will be placed against the property. When you sell off the property, a portion of the sale proceeds will go towards the lien payments.

Feel free to ask if you've further queries.

Sussane

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Can a creditor place a lien against my home?