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adonis · Posted: Fri Oct 08, 2010 10:53 pm Post subject:

Welcome EvieD,

As the property deed still includes your ex-husband's name, his creditors will be able to place a lien on the property. It'll be better if your ex-husband can sign a quitclaim deed and transfer the property to you.

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I am in the process of getting a reverse mortgage (lump sum). I have about 12,000 in credit card debt. Can they take the money I recieve from the reverse mortage which would be about 20,000.

gmakerley · Posted: Wed Nov 17, 2010 1:48 pm Post subject:

Susan, unless the creditors to whom you owe that money have liens on the home, there won't be any way in which they can get their hands on your loan proceeds. If you choose to pay some or all of them off with that $20K, then that's your prerogative. Otherwise, you'll walk away with the money to do what you wish with it.

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Can CC company put a lien on our home?

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