answersLogoWhite

0

  • Personal Finance
  • Loans
  • Mortgages
  • Student Loans and Financial Aid
  • Liens
  • Money Management

Can a creditor put a lien on your mortgage over a 2000 dollar unpaid student loan?

User Avatar

Wiki User

βˆ™ 2006-08-16 00:46:42

Best Answer
Copy

Yes. If you owe a creditor money and you have an asset (such as a house), a creditor can put a lien against your asset for any amount, even $1.

User Avatar

Wiki User

βˆ™ 2006-08-16 00:46:42
This answer is:
πŸ€“
🀯
πŸ€”
User Avatar

Your Answer

Loading...

Related Questions

What happens to second mortgage in foreclosure?

After the foreclosure of the first mortgage the second mortgage is wiped out as an encumbrance against the property but remains an unpaid debt against the mortgagor. The creditor can sue in civil court.After the foreclosure of the first mortgage the second mortgage is wiped out as an encumbrance against the property but remains an unpaid debt against the mortgagor. The creditor can sue in civil court.After the foreclosure of the first mortgage the second mortgage is wiped out as an encumbrance against the property but remains an unpaid debt against the mortgagor. The creditor can sue in civil court.After the foreclosure of the first mortgage the second mortgage is wiped out as an encumbrance against the property but remains an unpaid debt against the mortgagor. The creditor can sue in civil court.


What is unpaid mortgages?

An Unpaid mortgage is a mortgage that has not been paid


Is it legal for a creditor to sell an unpaid debt?

Absolutely, this occurs every day. Creditors often sell debt for pennies on the dollar. This is a very big business.


In the state of Florida can a creditor garnish wages if it is not pertaining to child support or alimony?

In the state of Florida a creditor is only allowed to garnish a certain amount of your wages up to twenty five percent only if you meet a certain threshold or if it is in regards to child support , alimony , unpaid property taxes or unpaid federal student loans.


What is the statute of limitations of unpaid debt?

The statute of limitations of unpaid debt is the time period that a creditor has to collect a debt. When the time period has passed, the creditor can no longer sue you for the unpaid debt. The time is set in each state and can vary from three to 10 years.


Who pays deceased unpaid mortgage?

If there is a will, the executor makes all mortgage payments from the estate of the deceased.


Can a US creditor collect on an unpaid credit card when the holder lives in Europe?

No


Can a second mortgage put your home in foreclosure?

Yes, any unpaid mortgage can put your home in jeopardy of foreclosure.


What is an involuntary lien against my property?

An involuntary lien would be a judgment lien by a creditor, a lien for unpaid property taxes or income taxes, a demolition lien, a lien for unpaid common expenses or homeowners association dues or a mechanic's lien. Contrast that with a lien you granted in your property such as a mortgage which would be a voluntary lien.


Can a bank attach a unpaid balance to real estate?

Not in Texas. If the unpaid balance is related to your Mortgage then the answer is yes. In this case your home will be foreclosed. an unpaid balance will eventually be reported to the credit bureau.


When will a creditor settle unpaid accounts in Missouri?

Generally, a creditor will attempt pro-active collection efforts after a debt is sixty (60) days past due.


Can the federal government garnish the total amount of your social security check?

For unpaid taxes and unpaid student loans, yes.


What are your legal rights on garnishments on a checking account for unpaid credit dept?

none if your creditor has a judgment on you and a writ to do so


When a lien is filed on a property in Oregon can you contest it?

The time to contest a creditors claim of an unpaid debt is when and the creditor has sued you for the debt and the matter is in court for the hearing. If you miss your opportunity to defend against their claim, the judgment will usually be in the creditor's favor and the court will issue a judgment lien. Once the lien is issued and recorded in the land records you cannot sell or mortgage your property until the lien is paid.The time to contest a creditors claim of an unpaid debt is when and the creditor has sued you for the debt and the matter is in court for the hearing. If you miss your opportunity to defend against their claim, the judgment will usually be in the creditor's favor and the court will issue a judgment lien. Once the lien is issued and recorded in the land records you cannot sell or mortgage your property until the lien is paid.The time to contest a creditors claim of an unpaid debt is when and the creditor has sued you for the debt and the matter is in court for the hearing. If you miss your opportunity to defend against their claim, the judgment will usually be in the creditor's favor and the court will issue a judgment lien. Once the lien is issued and recorded in the land records you cannot sell or mortgage your property until the lien is paid.The time to contest a creditors claim of an unpaid debt is when and the creditor has sued you for the debt and the matter is in court for the hearing. If you miss your opportunity to defend against their claim, the judgment will usually be in the creditor's favor and the court will issue a judgment lien. Once the lien is issued and recorded in the land records you cannot sell or mortgage your property until the lien is paid.


How long can a creditor come after you for an unpaid balance and what can they do?

looks like 6 years. AFTER they get a judgement, they can garnishee your wages, ect. NO JAIL.


What is time frame for a creditor to come after you for unpaid loans in the state of Louisiana?

from day one (1) till the debt clears ...


Can a debt collection company issue a summons for unpaid unsecured debt?

Yes, once a debt collection agency buys your debt from the original creditor they are legally entitled to all of your debt. Therefore, they can take you to court for any unpaid debts, so long as it is the debt they bought from the original creditor and only that debt.


How do you return an unpaid car?

If it is too difficult to maintain payments on a car loan, it is possible to voluntarily give it back to the creditor or dealership. In some states, however, a creditor can sue for the remaining balance owed on the loan.


How do you file for a judgment for an unpaid promissory note?

The creditor (holder of the note) would need to file a lawsuit in the court of jurisdiction where the debtor(borrower) resides. If the creditor prevails in the suit a judgment will be entered against the borrower. The creditor can then execute the judgment in accordance with the laws of the debtor's state.


Can IRS take your refund for a garnishment?

ONLY for: 1-Unpaid delinquent student loans 2-Prior unpaid taxes 3-Delinquent child support


How can a judgment be forced as a property lien?

Generally, the sheriff can sieze the property and sell it to pay the creditor the amount owed. Check your state laws. If the creditor doesn't request a sale and chooses to suspend action then the creditor need only wait. The recorded lien will affect any future sale or mortgage of the property. During the time it remains unpaid interest is added at an alarming rate. In Massachusetts the rate is 12 percent. A buyer or bank will insist the creditor be paid before completing any transaction. A lien originally in the amount of $1,100 was recently satisfied at a closing in the final amount of $3,600.


Who has this phone numbers 18776087675?

allied international its a collection agency for unpaid student loans


Can you go to jail for unpaid student loan?

You could eventually go to jail, yes.


If a creditor reports an upaid bill on your credit then sells the account to another creditor can they report the same unpaid bill on your credit?

Yes, they can. But, usually it can be removed by the credit bureau once its proven to be a duplicate entry of the same debt.


How can a co-signer file bankruptcy on an unpaid vehicle without interfering the credit of the primary signer?

By listing the creditor on the bankruptcy schedules.