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repossession

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Luis Jacinto Guest	Posted: Tue Sep 27, 2011 6:54 am    Post subject: repossession Like 0 Dislike 0 I am a State of Ohio retiree and am going to have my RV trailer repossessed .Can creditor have a lien put against my home ? _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
adonis Joined: 22 Oct 2005 Posts: 10574 Location: ALASKA 1090.82 Dollars($)	Posted: Tue Sep 27, 2011 8:01 pm    Post subject: Like 0 Dislike 0 Welcome Luis, If the creditor is unable to recover the entire debt amount, then he may put lien on the other property. However, in order to put a lien on the property, the creditor will have to file a lawsuit against you and get a judgment. _________________ Procrastination is the enemy of your financial success
sabrinatoss Community Expert Joined: 16 Jan 2011 Posts: 516 Location: Australia 82.74 Dollars($)	Posted: Tue Sep 27, 2011 8:47 pm    Post subject: Like 0 Dislike 0 Hello luis? Contracts that authorize repossession also usually specify additional fines that the consumer must pay to the seller, ostensibly to cover the seller's costs of the repossession and of depreciated value of the object, as the seller is now in possession of a "used" object. _________________ Home Loan, Mortgage Insurance Calculator, Mortgage Broker
raymond Community Expert Joined: 03 Jul 2009 Posts: 1191 Location: Irvine, California 28.24 Dollars($)	Posted: Wed Sep 28, 2011 6:25 am    Post subject: Like 0 Dislike 0 >>Can creditor have a lien put against my home ? Yes. _________________ Raymond Denton www.RaymondDenton.com

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