Can CC company put a lien on our home?

In this case, I'd have to suspect that they'd be placing any lien on your primary residence before touching the rental properties. Of course, if they're smart they will place liens on all owned properties, to better ensure the eventual payoff.

Nevertheless, Guest, don't fear - they won't get paid until one of the homes is sold at any rate.

I have been threatened with a lein and i have a reversed mortgage. what will happen

Hi msjoanieg,

In order to place a lien on your property, the creditor will have to file a lawsuit against you and get a judgment. Once the creditor receives the judgment, he would place a lien. When the property is sold off, the lien will be satisfied.

my credit card company is saying that they could get a lien can they do that if i am paying what I can on the debt

Kit, if your payment is less than the required monthly payment, then it's possible that they could simply begin a suit against you for the balance due, and once judgment is received, place a lien on your home.

However, that being said, I find it not just reprehensible (in these times) that you're being threatened in that manner when so many people are in the same tough shape and are not being threatened in that manner. Most creditors these days will work with you to the utmost, without posing (sometimes idle) threats about what they'll do if you don't pay the debt. I'm surprised to hear of what you're going through, although I'm sure I ought not to be surprised at all, based on what I know about the industry.

Yes, the following is actually my post:

Kit, if your payment is less than the required monthly payment, then it's possible that they could simply begin a suit against you for the balance due, and once judgment is received, place a lien on your home.

However, that being said, I find it not just reprehensible (in these times) that you're being threatened in that manner when so many people are in the same tough shape and are not being threatened in that manner. Most creditors these days will work with you to the utmost, without posing (sometimes idle) threats about what they'll do if you don't pay the debt. I'm surprised to hear of what you're going through, although I'm sure I ought not to be surprised at all, based on what I know about the industry.

Thank you

Can a collection agency put a lien on our condo, when the credit cards are in my husband's name only and the condo is in both names?

i own my own home in arkansas i lost my job and have credit card debt that has been turned over to debt collectors. if a lien is placed on my home, can they force me to sell my home in arkansas

Hi Frances,

As your husband's name is mentioned on the property deed, the collection agency can place a lien on it if they can get a judgment from the court regarding it.

To anita,

Whenever your property is sold off, the sale proceeds will go toward paying off the lien.

Thanks

anita...more specifically, they'll be likely to place a lien (or liens) on the home and simply wait until you sell or refinance to collect their money. they won't try to force a sale.

My judgment is 6 years old. If I buy a house today, can they put a lien on it?

They probably won't know about your purchase, Linda. I'm sure you won't be calling them up to tell them. But, to answer your question specifically, if the creditor does find out, they could file a lien.

my ex-husband is filing bankruptcy. the home we still own together is for sale but according to our divorce agreement he owes me for non-payment of his share of mortgage, and because what he owes me is equal to or less than his share of what proceeds would be, he has no equity in the home. my question is, since equity is all mine, would his creditors be able to put a lien on the house? we live in ohio if that makes a difference.

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.