Compare Mortgage Quotes

Refinance Rates for Today

Please enable JavaScript for the best experience.

In the mean time, check out our refinance rates!

Company Loan Type APR Est. Pmt.

Can creditors put a lien on personal property?

Posted on: 25th Aug, 2008 10:41 am
Can creditors put a lien on personal property?
if my husband gets a judgement against him for half a million dollars for breaking a lease, can they take away our second condo at the beach that is under both our names
Posted on: 19th Nov, 2009 04:47 pm
not until he defaults on that judgment, and even then there'd have to be a foreclosure notice filed, you file your response, and things drag on and on until resolved.

conceivable? yes. will it take forever and a day? yes, i'd say so.
Posted on: 19th Nov, 2009 08:32 pm
Hi vaso,

The creditor can place a lien on the jointly owned property. Whenever you try to sell off the property, you will have to satisfy the lien first.

Thanks
Posted on: 19th Nov, 2009 09:41 pm
I just want to know when can i see my answer,sorry this is my first time in the forum
Posted on: 08th Dec, 2009 08:46 am
marla, what is the question?
Posted on: 08th Dec, 2009 09:53 am
Thanks qmakerly,well I already post the question,but looks like I did in the wrong place,well this is is
My husband have a truck he is an owner operator,since the economy start going down ,but y get us for surprise(I did not ever think it wioll be that fast)anyway my husband job decline so much that we have not able to do our debts payments,but we focus in our house payments not to be late,so,because we already have not being paing for about a year or so in our debts,I was thinking to put my husband truck in a mfriend name so the court would not take it way from us,this is the only thing we have to do our money for the house and food so far,thanks
Posted on: 08th Dec, 2009 10:50 am
oops,,but it get us for s....(I did ... it will be...)
Posted on: 08th Dec, 2009 10:52 am
well I talk to my husband about thje question i did to you ,but he say that that is not possible and that it not the way to do things,sorry to bother you
Posted on: 08th Dec, 2009 11:19 am
and i came upon your original question elsewhere earlier and answered it there also.
Posted on: 08th Dec, 2009 01:34 pm
I live in south carolina and i had a motorcyle that had got repo and he didn't know he had a judement on him for 6000 what can i do to reduce the judgement because he is on disablity and we can't afford that much on the debt i want to know if they could take our land away from us
Posted on: 17th Dec, 2009 12:05 pm
don't worry about real estate being taken gina...the judgment will sit until it's paid off. the creditor could file a judgment lien against your property and simply wait for payment when you sell the property, if you do. they could (very slim possibility) file a foreclosure notice, but you'd have ample opportunity to repay the debt before you'd ever run the risk of losing the land.
Posted on: 17th Dec, 2009 12:59 pm
Hello, I received a judgment against me from a creditor for 10k. A lien has been placed on my husdands home which I reside in. Is it legal in GA to place liens on property that's not owned by the debtor? If not, how can I release the judgment?
Posted on: 03rd Jan, 2010 08:21 pm
Hi Julia,

Is your name mentioned on your husband's property deed? If your name is mentioned on the property deed, then you are one of the owners of the property. If your name is not mentioned on the property deed, then your creditor cannot place a lien on your husband's property for your debts. You need to contact your attorney and take legal steps against your creditor.

Thanks
Posted on: 03rd Jan, 2010 09:51 pm
Hello,

No my name is not mentioned on the property deed. I will consult with an attorney.

Thank you for your response.
Ronny
Posted on: 07th Jan, 2010 12:34 am
A creditor is stating they are going to file a lien against my home with the clerk of court in my county. What happens when they do this? Can they then sell my home out from under me? This is not my mortage company, but a creditor.
Posted on: 13th Jan, 2010 10:13 am
Page loaded in 0.163 seconds.