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The short, simple answer is yes.
The reality is that it isn't so simple.
Now, a noncollateralized loan is essentially a signature loan. Securing a loan with nothing but your word is the fast track to thin ice. Here's why: your word as it turns out is worthless--not a criticism, an observation (that whole judgment thing). Being unsecured and defaulted upon, the courts are not going to view you in a pleasant light. That being the case, creditors have a dumptruck full of tools to bring to bear in their endeavor to separate you from the money you promised to pay. Among those tools are the replevin: a court order for you to pay, and failing to do so can result in a Go Directly To Jail card. Still failing to pay, the creditor can request a Conversion of Collateral. This is that "short, simple" part. This is essentially a different court order that makes your stuff the creditor's stuff--and that's where you bet the house.
What else can I help you with?
I have a judgment and want to record a lien on a defendants home?
Check with the court that issued the judgment and ask how you can have the lien recorded in the land records.
Can a lien be put on your home when you are on disability?
Yes. Your creditor can seek a judgment lien in court.
Does a judgment lien become non collectible if it is allow to expire?
Yes.
Can a judgment lien be constructive or voluntary or general or specified. What?
A judgment lien is an involuntary lien.
Can an auto insurance company file a lien against your home for auto damages?
Yes--but only if they have a court judgment against you. In that case, they would have what is called a judgment lien.
How do you put a lien on a matrimonial home where one of the owners is not on title?
Generally, if the home is in a sole ownership then you can record a lien once you have prevailed in a lawsuit and the court has issued a judgment lien. Generally, a home is not a marital home unless the husband and wife both hold title as a husband and wife.Generally, if the home is in a sole ownership then you can record a lien once you have prevailed in a lawsuit and the court has issued a judgment lien. Generally, a home is not a marital homeunless the husband and wife both hold title as a husband and wife.Generally, if the home is in a sole ownership then you can record a lien once you have prevailed in a lawsuit and the court has issued a judgment lien. Generally, a home is not a marital homeunless the husband and wife both hold title as a husband and wife.Generally, if the home is in a sole ownership then you can record a lien once you have prevailed in a lawsuit and the court has issued a judgment lien. Generally, a home is not a marital homeunless the husband and wife both hold title as a husband and wife.
Can credit card debt put a lien on your taxes?
Yes, if the creditor obtains a judgment lien in court.Yes, if the creditor obtains a judgment lien in court.Yes, if the creditor obtains a judgment lien in court.Yes, if the creditor obtains a judgment lien in court.
Can you garnish your daughter's wages on a cosigned loan?
You would need to sue her in court and obtain a judgment lien. You could use that judgment lien to garnish her wages.You would need to sue her in court and obtain a judgment lien. You could use that judgment lien to garnish her wages.You would need to sue her in court and obtain a judgment lien. You could use that judgment lien to garnish her wages.You would need to sue her in court and obtain a judgment lien. You could use that judgment lien to garnish her wages.
When does a judgment lien take effect the day of the judgment or the filing of the transcript in Colorado?
A judgment lien takes affect the day of the judement, HOWEVER, it must be recorded right away. If a subsequent judgment lien is recorded first then the first judgment lien would lose it's place in Massachusetts and become second in priority. Massachusetts is a "race notice" state. The first one to record the document in the land records wins!
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.
Can bank put a lien on home or judgment against you if car cannot be found?
yes
Can a credit card company put a lien on a safety deposit box?
Yes. If they find it and obtain a judgment lien in court first.Yes. If they find it and obtain a judgment lien in court first.Yes. If they find it and obtain a judgment lien in court first.Yes. If they find it and obtain a judgment lien in court first.
