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Yes.
If the underlying debt results from improvement being made to your personal residence, a person/company may lien your property. Further, they may take action to foreclose on the lien and force the sale of the property on the court house steps. It doesn't matter whether you pay your mortgage, taxes or anything else. This is a construction or mechanics' lien and section 713 of Florida Statutes governs these transactions.
If you receive a Claim of Lien in Florida as a result of improvements being made on your residence, you should take it very seriously and consult with an attorney expert in construction law in Florida.
If a creditor wins a judgment against you in court the court will issue a judgment lien that can be recorded in the land records. The property cannot be mortgaged or sold until the lien is paid. The judgment creditor can force the sale of the property under certain circumstances. See related link.
What else can I help you with?
Is a credit card considered a secured or unsecured loan?
A credit card is considered an unsecured loan.
What is a unsecured credit card?
A secured credit card requires a security deposit. An unsecured credit card is the traditional credit which does not require a security deposit.
How do you settle debt with credit card?
Debt CAN be settled with credit card debt and other unsecured debts. Negotiating a settlement is between you and your creditor and settlements have happened for millions of people and helped them get out of debt.
Can a creditor sue for unsecured debt?
* An unsecured debt, generally, is a debt that is not backed by collateral. For instance a car loan is secured by the security interest the lender has in the car. A credit card which is not backed by collateral is not secured by collateral therefore it is an unsecured debt. Generally, yes a creditor can sue for unsecured debt, the creditor just doesn't have any interest in the good that formed the basis of the loan.
What happens if unsecured credit card debt is not paid?
It goes on the credit reports as a delinquencyAnswer:If you don't pay your credit card debt then to your creditor may take you to civil court and can get a judgment to hold your property. There are other penalty as well if you dont pay your credit card debt.
Is a credit card considered unsecured debt?
Yes, a credit card is considered unsecured debt because it is not backed by collateral.
Is credit card debt unsecured, meaning it is not backed by collateral?
Yes, credit card debt is unsecured, which means it is not backed by collateral.
Can they garnish your wages in Pennsylvania for an unpaid balance on an unsecured credit card?
No, PA. does not allow wage garnishment when it pertains to creditor action. Even though a credit card is unsecured debt, that does not mean the creditor does not have legal remedies for collection. They can file a lawsuit, if they win they will enforce a judgment in several ways, bank account levy, liquidation of nonexempt property, or liens against real property.
Can a credit card company take away or place a lien on your Florida home if you stop paying the 12K credit card balance and you are not a US citizen and live and work outside the country?
no a credit card company may not take your home away. a creditor can never take anything away if the debt is unsecured such as a credit card. regardless of what anyone posts here, credit card companies cant do anything whatsoever if you stop paying them. your credit is ruined and they call alot, but that's all they can do.
Can you get an unsecured credit card with bad credit?
yes u can
How can I obtain a secured credit card report as unsecured?
To obtain a secured credit card report as unsecured, you can contact the credit card issuer and inquire about the possibility of converting your secured card to an unsecured one. This may involve demonstrating responsible credit usage and meeting certain criteria set by the issuer.
How long should I hold a secured bank credit card before I try to get an unsecured one?
Your ability to obtain an unsecured credit card will depend on your credit score. As your credit score rises you will become eligible. Try checking it after a year of making on time payments on your unsecured card.
