Home arrow Mortgage Forums arrow Forums: Learn from other's experiences arrow

Judgements

Author Message
aubrey

Guest







Post Posted: Tue Jan 24, 2012 5:26 pm    Post subject: Judgements
Like 1
Dislike 0

received judgement for a second mortage the first and home went through foreclosure this happened in Michigan 2009, now live in South Carolina and judgement is from michigan. What to do now?
Icon Mini Profile jameshogg
jameshogg




Joined: 20 Dec 2005

Posts: 10477
Location: Nevada
990.06 Dollars($)
Post Posted: Tue Jan 24, 2012 10:59 pm    Post subject:
Like 1
Dislike 0

Hi aubrey,

The lender will be able to place a lien or garnish your savings account that is in Michigan. He cannot come after your property or savings account in South Carolina. If he wants to come after you in South Carolina, then he will have to get a judgment from a South Carolina court.

Thanks
Icon Mini Profile sabrinatoss
sabrinatoss
Community Expert
Community Expert



Joined: 16 Jan 2011

Posts: 516
Location: Australia
82.74 Dollars($)
Post Posted: Wed Jan 25, 2012 2:07 am    Post subject: hello aubrey ,
Like 0
Dislike 1

Foreclosure laws vary from state to state and also between lien theory and title theory states. You need to research your particular state.

Idea

_________________
Home Loan, Mortgage Insurance Calculator, Mortgage Broker
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights

Bookmark this page

Helpful References

Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Calculators

     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools

Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


Our Community

MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards

Five simple ways to earn money with the Mortgage Community.

MortgageFit on Twitter

Followers (252)











We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 0.102 seconds.