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judgment vs the life estate

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bana42 Joined: 22 Feb 2010 Posts: 1 1.00 Dollars($)	Posted: Mon Feb 22, 2010 7:25 pm    Post subject: judgment vs the life estate Like 0 Dislike 0 Can a judgment/lien be placed against a person who holds a life estate on property creating a lien on the premises which she holds the life estate
jameshogg Joined: 20 Dec 2005 Posts: 10460 Location: Nevada 987.57 Dollars($)	Posted: Mon Feb 22, 2010 8:51 pm    Post subject: Like 0 Dislike 0 Hi bana, As far as I know, a life estate does not help a person to become the owner of the property. If a person is not the owner of the property, then his/her creditors won't be able to place a lien on the property. I would suggest you to have a word with a real estate attorney in this regard and take his opinion. Thanks
raymond Community Expert Joined: 03 Jul 2009 Posts: 1189 Location: Irvine, California 27.86 Dollars($)	Posted: Sun Feb 28, 2010 12:53 pm    Post subject: Like 0 Dislike 0 No. The Life Tenant doesn't own the property - it's owned by the Remainder Man _________________ Raymond Denton www.RaymondDenton.com
Deb in Ohio Guest	Posted: Tue Mar 02, 2010 10:43 am    Post subject: Like 0 Dislike 0 My husband has a judgement agaist him and he has a home (he does not live in) by quit claim from his mother as she has a Living estate on the home. Can a lien be put against the property since he is the deed holder even though she will reside in the home til she dies?
raymond Community Expert Joined: 03 Jul 2009 Posts: 1189 Location: Irvine, California 27.86 Dollars($)	Posted: Tue Mar 02, 2010 10:47 am    Post subject: Like 0 Dislike 0 >>Can a lien be put against the property Yes. He holds Title so Judgements can be placed against it. _________________ Raymond Denton www.RaymondDenton.com
Lois Guest	Posted: Mon Jan 09, 2012 11:27 am    Post subject: Life estate Like 0 Dislike 0 Hi My Mother owns a home and my sisiter and I are named as life estate co owners if one of us gets a judgement against us can a lien be placed on the home if so for what precentage?
Niicss Joined: 03 Oct 2005 Posts: 4834 Location: New Jersey 508.88 Dollars($)	Posted: Tue Jan 10, 2012 1:37 am    Post subject: Like 0 Dislike 0 As far as I know, if you're one of the owners of the property, then the person getting a judgment against you will be able to place a lien on that property. As far as the percentage is concerned, a real estate attorney will be able to let you know about the same. _________________ Good is the Enemy of Great.
moorod Guest	Posted: Wed Apr 11, 2012 1:03 am    Post subject: Life Estate Like 0 Dislike 0 A friend of mine owns a house in Alabama. Her husband owns a life estate in the house (which I understand means he has the right to live in the house until he dies). The life estate was sold at auction for $10,500.00. Can my friend's husband redeem the life estate for auction price...if so, how long does he have to redeem it. Also, can person who bought the Life Estate at auction have the owner of the house evicted?
jameshogg Joined: 20 Dec 2005 Posts: 10460 Location: Nevada 987.57 Dollars($)	Posted: Thu Apr 12, 2012 10:51 pm    Post subject: Like 0 Dislike 0 Hi moorod, You need to contact an attorney in order to find out whether or not your friend's husband will be able to redeem the life estate. Moreover, it will be the discretion of the purchaser whether or not he will sell it off. I don't think that the person, who bought the life estate, will be able to evict the property owner from the property. Thanks

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