Posted on: 14th Jun, 2010 02:31 pm
Can my parents put a lien on my house, so they can get their money back before my husband has a chance to spend it all?
Hi sandyj,
Yes, your parents can put a lien on your house provided they win a judgment against you. Not only your parents, anybody can put lien against your property if you owe them money. However, they will have to first file a lawsuit against you, and win that to put lien against your property.
Thanks,
Sandra
Yes, your parents can put a lien on your house provided they win a judgment against you. Not only your parents, anybody can put lien against your property if you owe them money. However, they will have to first file a lawsuit against you, and win that to put lien against your property.
Thanks,
Sandra
I hope this information helps you. This shows that it is true that anyone you owe money to is allowed to place a lien on your home.
A personal property lien is created when you acquire rights in the property of another. This will typically occur when you need to secure someone's promise to repay a loan or make regular installment payments as part of the sale of business. There is no legal requirement to file any document to create the lien; however, filing the appropriate document--called a UCC-1 Financing Statement--will give added protection to your lien. The UCC-1 is a short, simple form filed with the appropriate state or county filing
Read more: How to File a Personal Property Lien "http://www.ehow.com/how_5612288_file-personal-property-lien.html#ixzz0rKQPy4rS"
A personal property lien is created when you acquire rights in the property of another. This will typically occur when you need to secure someone's promise to repay a loan or make regular installment payments as part of the sale of business. There is no legal requirement to file any document to create the lien; however, filing the appropriate document--called a UCC-1 Financing Statement--will give added protection to your lien. The UCC-1 is a short, simple form filed with the appropriate state or county filing
Read more: How to File a Personal Property Lien "http://www.ehow.com/how_5612288_file-personal-property-lien.html#ixzz0rKQPy4rS"