answersLogoWhite

0


Best Answer

Yes, when a home is foreclosed on in Tennessee and there is a deficiency between the amount collected and amount owed, your wages can be garnished to pay the difference. You may be able to file an exemption or file for bankruptcy to avoid this.

User Avatar

Wiki User

9y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: When a home is foreclosed in Tennessee are wages garnished?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Can your home be garnished if jointly owned by your wife?

A home cannot be garnished. Your wages or bank account could be garnished. Your home would be liened. Whether or not a lien can be placed depends on who is seeking funds from you and why.


When a home is foreclosed on in Florida can the borrower's wages be garnished for any sale deficit if the borrower is living in Texas?

Texas allows wage garnishment by the judgment creditor if there are no other means of the judgment holder collecting the monies that are duly owed.


When your home forecloses will your wages be garnished?

That would depend on garnishment laws from state to state. In Texas, no.


How long can you stay on your property if your home has been foreclosed in the state of Tennessee?

Till the cops evict you.


Can you tell me what your retainer fee is Can wages be garnished for consumer debt?

Yes, wages can be garnished for consumer debt. The creditor would first have to sue you and get a judgement, then ask the court to garnish your wages. If the debt is secured, like a home or car they will likely just foreclose or repossess.


What are some benefits of buying a foreclosed home?

There are a few benefits of buying a foreclosed home. Foreclosed homes are generally cheaper than non-foreclosed homes. One can also negotiated for a better deal with a foreclosed home because banks want to sell the home quickly.


Can your wages be garnished with a double wide loan default?

If you are referring to a mobile home loan default, and there is a deficit balance left after the home is sold, then yes...you can be garnished. Talk to an attorney and see if you can work out the problem, before you give up this home. There is more to this problem than you think! Good Luck.


In default 6000 on a home loan can it be foreclosed?

A home can be foreclosed on if the terms of the loan are violated. The amount does not matter.


What can you take from a foreclosed home?

You can take anything that was owned prior moving into the foreclosed home. Foreclose is a hard task and will not benefit anyone.


Is it bad to buy a foreclosed home?

yes


What items can you take out of your foreclosed home?

toilet


Should one buy foreclosed homes for sale?

There is nothing wrong with buying foreclosed homes. A professional should be hired to inspect the home and find out what kind of repairs will be needed. There are pros and cons with purchasing a foreclosed home.