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You can reinstate your mortgage after judgment was entered. The bank can move to have the court set aside the judgment.
No. Not unless the parent brings a court action against the son and wins a judgment lien. In that case the court will issue a judgment lien that can be recorded in the land records. The son could not sell or mortgage his home unless the lien was paid. On the other hand, the parent could ask the son to grant them a mortgage on his home in the amount of the student loan.
Generally:The facility may have rights if the owner of the property granted the nursing home rights in exchange for care. Otherwise, the facility would need to sue in court and win a judgment for any amount due in order to obtain a judgment lien against the property.Generally:The facility may have rights if the owner of the property granted the nursing home rights in exchange for care. Otherwise, the facility would need to sue in court and win a judgment for any amount due in order to obtain a judgment lien against the property.Generally:The facility may have rights if the owner of the property granted the nursing home rights in exchange for care. Otherwise, the facility would need to sue in court and win a judgment for any amount due in order to obtain a judgment lien against the property.Generally:The facility may have rights if the owner of the property granted the nursing home rights in exchange for care. Otherwise, the facility would need to sue in court and win a judgment for any amount due in order to obtain a judgment lien against the property.
They can take whatever the security for the loan was. For example, if you have an auto loan, they can repossess the auto. If you have a home loan, they can repossess the home. If the loan was a recourse loan and the value of whatever was repossessed was less than the amount still owed on the loan, they can get a deficiency judgment in a court of law. If the court grants a judgment, they can they take other assets.
Check with the court that issued the judgment and ask how you can have the lien recorded in the land records.
Yes. Your creditor can seek a judgment lien in court.
No, the judgment is a court order and must be paid in full or to the satisfaction of the judgment holder.
The judgment must be paid from the proceeds of the refinance. That amount will be deducted from the funds paid over to you.The judgment must be paid from the proceeds of the refinance. That amount will be deducted from the funds paid over to you.The judgment must be paid from the proceeds of the refinance. That amount will be deducted from the funds paid over to you.The judgment must be paid from the proceeds of the refinance. That amount will be deducted from the funds paid over to you.
Yes--but only if they have a court judgment against you. In that case, they would have what is called a judgment lien.
Yes. If there is a balance due on the loan and the creditor has obtained a court judgment.
No. Court is a must
yes