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Can a creditor take your home in California due to a charge off?
Wiki User
∙ 8y ago
A creditor can only place a lien against property or take other such actions after due process. Which entails filing a lawsuit, winning a judgment, obtaining a writ to enforce the judgment. CA. homestead exemptions are $50,000 for a single person, $75,000 for married couples, $150,000 for 65+. or if disabled. CA. Code of Civil Procedure 704.703. There are no laws prohibiting forced sales, such action is seldom initiated by creditors. Be advised creditors have other options of enforcing judgments to collect monies owed.
Wiki User
∙ 8y ago
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What happens to your property if you die in a nursing home. does the nursing home take part of the value of the home?
A nursing home has no more right to your property (in general) than any other creditor has. If you die owing money to the nursing home, then they're entitled (as is every other creditor) to recover that money from your estate. Otherwise, no, they don't get to take part of your property unless you signed a specific contract with them stating so.
Can you lose your home if you have judgments against you?
Yes. Your creditor can request a judgment lien and take any property you own to satisfy the lien.Yes. Your creditor can request a judgment lien and take any property you own to satisfy the lien.Yes. Your creditor can request a judgment lien and take any property you own to satisfy the lien.Yes. Your creditor can request a judgment lien and take any property you own to satisfy the lien.
If a husband and wife are buying a home but only his name is on the mortgage will there be any problems if he is sued?
If "problems" means would the home be in jeopardy if a creditor sues and wins a judgment, it is possible. How the property is titled and state homestead laws determine what action a judgment creditor can take against a debtor's home not the mortgage agreement. For example, a home that is held jointly by a married couple as Tenancy By The Entirety is not subject to creditor action when only one spouse is the debtor.
Can a lien take your child support?
No. A judgment creditor cannot take possession of child support payments to satisfy a lien.No. A judgment creditor cannot take possession of child support payments to satisfy a lien.No. A judgment creditor cannot take possession of child support payments to satisfy a lien.No. A judgment creditor cannot take possession of child support payments to satisfy a lien.
How long does FedEx home delivery take from California to Texas?
About a month.
How many years does it take for a debt to be written off?
There is no set time for a creditor/lender to cancell a debt. Charge offs are generally done 180 days after the account becomes delinquent. A Charge off does not mean the debt is not still owed and collectible.
Can creditor take social security disability?
no
Can A judgment Creditor take your business?
Yes.
Can a creditor take a car that is in two names if the lawsuit is only against one person?
No, a creditor can only take non-exempt property that is solely owned by the person they are collecting from. (Unless both parties owe the creditor)
Is it possible for a creditor to take your monthly salary after filing bankruptcy?
No, unless the creditor gets relief from stay or the bankruptcy is dismisssed.
What responsibility does a cosigner have if the borrower AND the cosigner cannot pay a bail bonds loan?
The creditor can take the matter to court, obtain a judgment lien and take any property either party owns.The creditor can take the matter to court, obtain a judgment lien and take any property either party owns.The creditor can take the matter to court, obtain a judgment lien and take any property either party owns.The creditor can take the matter to court, obtain a judgment lien and take any property either party owns.
If a judgment has been issued for a repossession deficiency will it affect a 401K when cashed in and can they place a lien on your home which is homesteaded or take the money if it is sold?
A judgment creditor cannot levy on your 401(k), but they can levy on your bank account and money from a 401(k) distribution would be vulnerable if it was in your bank account at the time the levy occurred. Filing a homestead does not prohibit a judgment creditor from filing a lien against your home. The judgment creditor can wait for you to sell or refinance your home. If there is enough equity in your home to pay off the mortgage and your homestead, there might be enough equity to be able to force a sale of your home.
