---

Can a creditor take my house if I owe them money and can not pay them

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
otto Joined: 08 Dec 2010 Posts: 1 1.00 Dollars($)	Posted: Wed Dec 08, 2010 10:27 am    Post subject: Can a creditor take my house if I owe them money and can not Like 0 Dislike 0 I returned a car to the dealership because of my employee cutting our hours from 40 hrs. to 32 hrs. They auctioned the car off and now say I owe them the balance. If I can't pay this they will put a lein on my house. Can they take my house?
adonis Joined: 22 Oct 2005 Posts: 10574 Location: ALASKA 1090.82 Dollars($)	Posted: Wed Dec 08, 2010 7:48 pm    Post subject: Like 0 Dislike 0 Hi otto, The car lender can come after you for the deficient balance resulting from the property sale. If he does not receive the deficient balance, then he can get a judgment and place a lien against your property. _________________ Procrastination is the enemy of your financial success

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

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