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Liens on property for credit card debt

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desperado
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Subject: Liens on property for credit card debt

Fri Nov 20, 2009 9:59 pm

in CA. can a creditor obtain a judgment for credit card debt and have a lein or force the sale of a second property to satisfy the judgment Twisted Evil

.

Justin

Justin

Joined: 17 Jul 2006
Justin's page
Posts: 1240

28942 Magic Points

Thu Nov 26, 2009 10:22 am

Hi Desperado,

The statute of limitations for oral contracts in California is 2 years. Hence, if the debt is 2 years old, the creditor does not have any right to pursue any legal process against you. If the debt is not past the SOL, then the creditor can put a lien on your property and get it garnished through judgment.
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Justin

just curious
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Subject: Lien on home for cc debt

Tue Mar 23, 2010 1:15 am

I am the sole owned of a cc...my husband and I are buying a home. He is listed as primary on loan(that is how it is in SD). Can a lien be put on the house? Thanks

Aaron

Joined: 08 Feb 2010
Aaron's page
Posts: 2675

48566 Magic Points

Subject: lien on home

Tue Mar 23, 2010 6:02 am

Hi Just Curious,

Yes a lien can be put on your home, provided the credit card company gets a judgment against you for not paying the money. Until the lien you pay them the money that you owe, the lien won't get removed. After this the home generally gets foreclosed to pay off the lien. To remove the lien, you need to negotiate a payment option with the lien holder.

Hope this helps.

Thanks,

Aaron
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