Can creditors put a lien on personal property?

Welcome Guest,

If the truck wasn't included in your bankruptcy filing and if the creditor has repossessed it, then you will be liable for paying the deficient balance resulting from the property sale.

I had a home buile 5 months ago and one of the sub contractors is still due $2500. The builder is closing his business. Can this contractor still lien my property. It was my understanding that they had 3 months to lien according to WA state law.

Hi Lyn!

Welcome to forums!

The contractor has the rights to place a lien on your property, if you do not pay off his dues. However, if his business is closing, then it may be difficult for him to place a lien on your property. Nevertheless, you should contact an attorney and take his opinion in this regard.

Feel free to ask if you've further queries.

Sussane

Ali - if you have filed the quit claim with the proper authority, then the home is yours alone, and I would suggest that any creditors seeking to attach your property would be out in the cold. Frankly, you ought to check with an attorney for better clarification, though.

Help in PA - I have to agree with Adonis' statements - that you'd be liable for any decifiency if the truck fails to sell for enough to pay the existing debt.

Lyn - where did you get the understanding about the limitation of 3 months? You've asked specifically about something that would be covered by Washington law, so I suggest you contact a Washington lawyer and ask the question...go to Legal Aid if you must and they'll hopefully be helpful to you. You run the risk on these forums of getting a generic answer to your specific question.

This is not a "one size fits all" society.

As I read a statute of limitations means that the creditors can't get a judgment after 5 years. They must sue within the five years. Judgments are good for an additional 10 years.

We just did modified our house and we don't have any intention of selling it. My creditors put a lien on my for a debt that only amounted to 1,800. I am paying it but recently made abscense and late. Why did they do that?

Welcome Mia,

This is a question which can be better answered by your creditor. You should contact your creditor and ask him to clarify the matter.

I have an investment property that has two loans against it. I can no longer rent or sale it to make payments or satisfy the loans, due to the economy slowdown. Losing my job of 25 years hasn't helped matters any. As it stands, the property in question is valued at less than the two mortgages combined totals along with whatever fines, penalties, etc. I heard that once auctioned off, if a difference is left over, that bank can apply a lien against other personal property I have, be it land, home, RV, whatever, to satisfy the difference. I live in Texas. Is this true?

Hi txbshew,

The lender can come after you in order to recover the deficient balance. In order to recover the dues, the lender can place liens on your personal properties.

Thanks

my exhusband has borrowed 150,000 and he wrote for the lender if he does not give the money back in 1 year he can charge interest and alos he can come after the house. House is on my name for last 10 years we have lived together in that house for around 4 years now for 10 years I am living in that house by myself we have been divorce for 1 year. Lender had tried to threatend me once and send me a letter and then he send me the email don't worry about that letter. Could he put lien on my house

Hi Guest,

If the house is solely in your name and if the mortgage is solely in your ex-husband's name, then I don't think the lender will be able to come after that property and place a lien on it.

Thanks

Hi. I understand that a creditor can put a lien on a house, but why would a creditor have the county assesor send me a letter with the copy of a judgment, if I do not own property. The box that says the assessor put a lien on my property is left blank--because I don't actually own any property. Was this some kind of requirement they have to have before trying to put a lien on a bank account? I also don't have one of those. I used to own a home, but haven't for many years. Was this just a scare tactic? I don't have any assets, so I found the whole thing odd.

Hi Guest!

Welcome to forums!

This can be a scare tactic. Nevertheless, the lender will have to file a lawsuit against you in order to get a judgment. You should contact an attorney in this regard and take his opinion.

Feel free to ask if you've further queries.

Sussane

my wife has a cc card judgment , can they put it on our house in Tennessee. or is it consider tenants by the entirety ?

My wife took out a school load for $60,000 and very slow towards re-payment. Could the Government place a lein on our house