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In theory it is possible in the majority of US states for a judgment creditor to excute a judgment as a forced sale of property owned solely by the judgment debtor.
There are so many factors involved (time, expense, etc.) creditors rarely use a judgment as a forced sale. The judgment creditor usually files a lien against the property owned by the debtor. Liens are extremely damaging as they prevent the debtor from selling, refinancing or transferring title until the judgment lien is paid. A lien also continues to accrue interest making even a small debt into a large one. Many liens are valid for 20 or more years and the majority of liens are renewable.
What else can I help you with?
Can your home be taken in a lawsuit?
Yes, in some cases, a person's home can be taken in a lawsuit if a court orders it as part of a legal judgment against the homeowner.
Can your home be taken if you can not pay a law suit in South Africa?
If you can't pay a lawsuit in South Africa, your home may be taken as a guarantee of payment.
Can a home be sold for unpaid property taxes if it has an outstanding equity loan balance?
Yes, depending on the state, a home can be sold for unpaid property taxes.
Can a bank attach a unpaid balance to real estate?
Not in Texas. If the unpaid balance is related to your Mortgage then the answer is yes. In this case your home will be foreclosed. an unpaid balance will eventually be reported to the credit bureau.
Can a home owner association put a lien on your home in Florida for unpaid dues?
Yes.
Can a second mortgage put your home in foreclosure?
Yes, any unpaid mortgage can put your home in jeopardy of foreclosure.
What happens with your credit if you lost the house for unpaid taxes?
Technically speaking, your home has nothing to do with your credit. A loan taken out with the home as collateral does. Therefore the foreclosure of such collateral by the county for unpaid property taxes will not affect your credit. It is very rare that any lender would allow the county to take a home they have a loan on (they will usually pay the taxes) so I assume you owned the home without a traditional mortgage. What will affect your credit are things like: Tax liens Late payments to a mortgage company Default on any mortgage debt
Are there any auto repair schools where you can learn from home?
Yes, you can participate in university courses from your home in Auto Repair, you can do this at http://www.homestudycourses.net/auto-mechanics-home-study.html
What do you do if a tow truck company drops your car and it runs into your home?
File a lawsuit
Should caretakers of a home be paid?
Caretakers of a home should be paid. Studies have shown that unpaid home caretakers tend to remove valuables as their "payment"
What is a pre foreclosure home?
A pre-foreclosure home is a home in which the owner is in immediate danger of losing their home, possibly due to unpaid loans or mortgages, but has not lost it yet.
Can I get a home and auto free insurance online quote?
You can indeed get a quote online for auto and home insurance.
