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Yes. Property liens enable a judgment creditor to encumber your property so that it cannot be sold or mortgaged until the lien is paid off. Once the lien is issued by the court it begins to accrue interest and it will grow. In Massachusetts the rate is 12%. Judgment liens are one of the ways creditors "secure" their collecting of a debt. Creditors utilize other means such as bank account levy and wage garnishment but if the debtor owns real property recorded attachments and executions can be extremely effective and are extremely common.
Wiki User
∙ 6y ago
Wiki User
∙ 12y agoNever that's why its un secured
Dont be intimidated or duped into these bogus threats
*Edit
Actually most states will allow a lien to be put on your property if a judgment has been issued.. each state has difference exemptions.. but they are allowed
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If a credit card placed a lien on your property and you sold it for payoff do you still have to pay the lien?
Yes.
If credit card puts lien on house and i file bankruptcy can i still file the credit card in the bankruptcy?
You have to, it is a debt...it is just a secured debt...by the lien on the property.
Can credit card company put a lien on property for unpaid debt?
Yes. If the creditor wins a lawsuit against the debtor a judgment is entered in favor of the creditor. A judgment can be executed against any non-exempt property belonging to the debtor including but not limited to the placing of a lien against real property. In most situations a lien is possible regardless of the status of ownership of the property, with the exception being marital property held under TBE laws.
FDCPA in Florida protect home from credit card collection agency?
How much can a credit card collector do with a lien on your property in Fl
Can a county sheriff serve a warrant when a credit card company files a lien on property for delinquent debt?
Yes, absolutely. Credit card debt is not different from other debts in general. If there is a mortgage on the property, the lenders lien of course has priority.
If all unsecured non-priority claims are discharged can a creditor that was included in the discharge have a judgment lien on a property?
Following your supposition, if he had a lien then he wasn't an unsecured creditor, and if only unsecured were discharged, he wasn't.
A lien was filed due to credit card debt. I had no personal property at the time the lien was filed about 3 years ago. How does this affect my credit?
The lien is probably still in place, and the fact that it was filed is still on your credit file.
Can a credit card company file a judgment lien against your house if there is no equity in the property?
Yes.
Can a credit card co put a lien on your property?
Not unless they sue you and and win a judgment in court.
I own a home and my mother resides in another home on the property her debt is showing as lien against the property but she doesn't have the house in her namecan a credit card company do that?
If it is credit card debt, the lien is invalid, but if you or your mother ignored a complaint about the debt and failed to object to the lien, you may have to do something about it in the court that granted the lien. If you live in a state where a credit card lien can be obtained without a court order, you will have to take some other legal action. If you fail to have the lien removed, it will come back to haunt you if you want to refinance or sell the property, or if you die.
Can you negotiate a payment after a lien is put on house by a credit card company?
Yes! When a lien from a credit card or any unsecured debt shows up on a property title search, its a second to the primary lien. Any mortgage or taxes would be paid first. So if you were buying or selling a house with that type of lien, you can contact the company who placed the lien and offer them an amount to settle their claim. Its usually far less than whats owed because they could get nothing in many cases. Many settle for 10% to 20%.
Does a credit card property lien expire?
Unfortunately, some states do allow for this to occur. The credit card company usually renews the lien and adds the cost of the renewal to the lien. It is better to pay off any bad debt you have obtained before this situation.
