Compare Mortgage Quotes

Guest

I lost my job and now I owe on a credit card like 4000.00 . I have a house in NC not worth much but has a lean on it, I also have a property in virginia that does not have a lean on it. when I reply to the NC JUDGEMENT, do I have to list what is in another state, and can they take my home in virginia. it is a small working farm?

Posted: Fri Jun 03, 2011 4:25 pm Post subject:

If the judgement is attached to your real property, then any real property you own or aquire can have the judgement attached to. If you sell or refi, the judgment would be paid at that time.

jameshogg · Posted: Fri Jun 03, 2011 9:20 pm Post subject:

Hi charlie,

I agree with what the guest has said. If your creditor wants to recover his debts, he will simply sell off the property in NC which has a lien on it. He won't be concerned about your property located in Virginia.

Thanks

gmakerley · Posted: Sun Jun 05, 2011 7:23 pm Post subject:

A creditor cannot "sell off" a property to satisfy a lien. What could take place is that the creditor could begin a foreclosure action, but why for $4000? I think it's a case of waiting until you sell the house, or transfer it in some other way, at which time they get their money.

I agree that they'd not likely know about, nor do anything about your home in Virginia.

Guest

How does it show on my credit report..

gmakerley · Posted: Tue Jun 28, 2011 8:17 am Post subject:

Charlie it'll show up in the Public Record section of your credit report as a judgment - the amount may or may not show up.

Company	Loan Type	APR	Est. Pmt.
				Go
				Go
				Go
				Go
				Go
				Go

Compare Mortgage Quotes

judgement in NC, but have a house in VA

Bookmark this page

Helpful References

Calculators

Financial Tools

Our Community

Community Rewards

Followers (252)

455 People like Mortgage

Property State:
Property Type:
Credit Rating:

All times are GMT - 7 Hours

Page 1 of 1