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: .
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.
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
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.
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.
Lien on home for cc debt
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
lien on home
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