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Can a creditor take your house if the debt is a small amount what is the statute of limitation in Utah and how long does it take for a creditor to sue?
Utah Code 78-23-1 ..."a person's homestead is exempt from judicial lien, levy execution or forced sale.." There are exceptions such as state and/or federal taxes, child and/or spousal support and some assessment procedures. This means the primary residence cannot be attached by creditors in any capacity. For all other purposes such as a tax lien, the homestead exemption in such cases would be $20,000. The SOL for open accounts is 4 years, for written accounts it is 6 years. The time limit for a creditor to sue is not possible to estimate, as civil court system vary greatly state-to-state in operational capacity, backlogs, preliminary procedures, etc. The average for creditor suits in the U.S. is 15-18 months (usually longer) from time of filing to court date. The SOL only applies to lawsuits it has no bearing on how long a creditor can pursue collection actions.
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What is the statute of limitations in Nevada on a judgment lien?
Any court ordered judgment does not age away, so there is no statute of limitations. If the judgment is to be paid whenever the property with the lien is sold, then that amount goes to the creditor first upon the sale closing.
Can a creditor put a lien on your mortgage over a 2000 dollar unpaid student loan?
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.
How would you use creditor in a sentence?
"The creditor came to the house to see what would need to be repaired after foreclosure"
In Texas can a creditor come to your house?
Yes, in the state of Texas, a creditor can come right to your house if you owe debts. However, in other states, the creditor must first get court papers to just show up at your residence.
What is the statute of limitation law for personal property in Georgia?
My sister stored her personal property in my storage house for 9 months. I kept asking her to come and get it she never did. I took her property out and place it in my garage. She never did come and get it, she said her lawyer told her not to touch it.
How long does a federal tax lien remain on a house or property in New Hampshire?
The statute of limitation for a federal tax lien is 10 years from the assessment date. Various exceptions may extend the time periods so you should obtain legal advice before assuming the lien has become unenforceable.The statute of limitation for a federal tax lien is 10 years from the assessment date. Various exceptions may extend the time periods so you should obtain legal advice before assuming the lien has become unenforceable.The statute of limitation for a federal tax lien is 10 years from the assessment date. Various exceptions may extend the time periods so you should obtain legal advice before assuming the lien has become unenforceable.The statute of limitation for a federal tax lien is 10 years from the assessment date. Various exceptions may extend the time periods so you should obtain legal advice before assuming the lien has become unenforceable.
Can bank put a lien on a new house if the former house was repossessed?
If they have a deficiency judgement, generally because the repossession did not develop enough money to fully pay them the amount you owed, that amount is still your debt and responsibility. Like any creditor, liening assets you have is one of many methoids of collection or assuring payment they have.
Is there a statute of limitations for a house lien in Texas?
No there is not statute of limitations. The lien serves as notification that a debt is owed and secures that debt.
What is the salary for an Oregon state senator?
The amount of pay is set by statute. Currently both the Senators and Representatives are paid $1,801.00 per month. The Speaker of the House and the President of the Senate are paid twice that amount. From: http://www.leg.state.or.us/faq/faqinfo.htm#pay
In New Jersey what is the statute of limitation when a person moves out of a house and leaves personal items there how long do they have to remove them?
I don't think the statute of limitation applies. Ownership of the property will rule. If the house was sold, whatever remains now belongs to the buyer. If the place was rented, once the tenants move out and the lease expired, the items are considered abandoned. If it's a divorce or break up, rommate leaving, or a child leaves the parents home, (same owner or lease holder) then the owner of the home would be able to claim title unless specified otherwise, although some reasonable effort to notify the person should be made so that it is not assumed that they could store things there indefinitely.
What is the statute of limitations on a lien placed on a house in the state of Florida?
if its not used for its intended use for a period of 20 years the easement could be deemed vacated. but to clear the issue one should seek from the easement beneficiary a recordable statement subordinating its right to the land.
Can a creditor take away your house?
Answer I seriously doubt if any one creditor can take your house especially if it's not paid off and you are still making payments on it. What a creditor can do though is force you into declaring Bankrupcy and at that point depending on how much money is owed on your home either the house would be sold and the money distrubuted amoungst your creditors or the bank where you got your mortage would re-sell the house.
