Lien on house?
This is a discussion on Lien on house? within the Mortgages, Refinancing, Foreclosure forum, part of the Buying & Selling Property category; If credit collection agencies put a lien on ahouse you own can they force a sale of the house and ...
![]() |
|
|
Thread Tools | Search this Thread | Rate Thread | Display Modes |
|
|
#1 |
|
Guest
Posts: n/a
|
If credit collection agencies put a lien on ahouse you own can they force a sale of the house and have you thrown out on the street?
Or can the lien just sit there on the house until if you ever sell it at all? I never intend to sell the house but live there the rest of my life. So exactly what can they do to me? It is old debt from several years ago that i cant pay. |
|
|
|
#2 |
|
Guest
Posts: n/a
|
I have a couple questions for you:
1. How much is the lien for? 2. Who was your old creditor (Credit card company, bank, etc.)? 3. What is your house worth? 4. What is the total amount owed on your property? They can force a sale but would only do so if it was in their best interest (If they make money). Example 1: If the lien is for a relatively small amount. No they would not foreclose. Their cost would exceed the amount they would be able to collect after attorney fees. Example 2: However, if your property has a lot of equity and their lien amount was significant they would possibly foreclose. Answer the questions above and I could give you some more information. Last edited by wld_team; Nov 23rd, 2008 at 11:29 AM. |
|
![]() |
| Bookmark & Share |
| Tags |
| None |
This thread has 1 reply and has been viewed 1075 times
| Thread Tools | Search this Thread |
| Display Modes | Rate This Thread |
|
|
|
||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| Inlaws trying to put lien on our house..Help | Unregistered | Debt Collection | 1 | Apr 17th, 2009 11:36 AM |
| WILL LIEN GET PAID IF HOUSE IS AUCTIONED OFF? | Unregistered | Mortgages, Refinancing, Foreclosure | 3 | Apr 6th, 2009 10:37 AM |
| WILL LIEN GET PAID IF HOUSE IS AUCTIONED OFF? | Unregistered | Mortgages, Refinancing, Foreclosure | 1 | Apr 6th, 2009 10:35 AM |
| question about contract for roof replacement - lien on house | Unregistered | Construction & Renovation | 0 | Dec 3rd, 2008 11:30 PM |
| Can we put a lien on a house for a personnel debt? | Unregistered | Debt Collection | 1 | Dec 11th, 2006 09:24 PM |
All times are GMT -5. The time now is 09:30 AM.









Linear Mode


