Subject: cc judgements now liens on my property NY
Mon Aug 23, 2010 9:26 am
I got sick around 10 yrs ago and went on ss. a couple of years ago i got my credit reports and saw the judgements. Since the original debt from the credit cards companys were over 7 years old I called the bureaus and got the judgements taken off my credit report. I tried to refinance my mortage and was denied because there were liens on my property from the judgements. Now, how long will these liens stay against my property. there are 3 appx 23,000.?I have no money to negotiate with them and i eventually want to sell my house. will they ever come off by themselves, and what is the statue of limits for these leins. thanks Lynn NY
As far as I understand from your post you were not aware of the judgments. That is, you were not properly served. Thus you can file a motion to vacate the judgment within 180 days of your discovery of the judgments. Once the judgment is vacated the liens will have no effect.
Now, how long will these liens stay against my property.
Liens can stay on your property till you pay off the debt. There is no Statute of Limitations (SOL) on lien, but there is SOL on judgments and that varies according to states.
I seem to get conflicting answers to this question about the leins . I was told by a lawyer 10 yrs, online at a debt and lein sight I thought it said the same, 10 yrs but it was hard to understand because it was all about the laws etc. so seeing how i do not have 23,000 to pay off the debt, guess they will take it when I sell my condo? And I did know about the judgements, but I was able to get them off my credit report because of the sol of the original cc companies the wrote the debt off more than 7 yrs ago, but the lawyers that bought the debt are the ones that had the judgements and leins. Guess it will have to get taken off the top when I do decide to sell.
Your personal details (name, email address and phone number) will be delivered to the company advertised on the Creditmagic after ve agreed to go for the counseling session by filling out the no-obligation form. However, it is your discretion to accept or reject their services.
Not all the creditors/debt collectors agree to trim down the outstanding balances, interests, and fees payable by the consumer.
Consumers working with the debt relief companies can still be sued by the creditors/collection agencies.
Debt relief services may have a diminishing effect on the creditworthiness of the consumer. The total outstanding balance may increase as the additional fees get accrued.
The overall amount saved by the consumer through the debt relief services is considered as taxable income by the IRS.