Posted on: 02nd Feb, 2010 05:21 pm
my house is in my father's name, my father left the country almost 8 years ago. he owes a creditor money so they have a judgement against him. I know they have the right to put a lien on the real property. My question is what happens to MY personal property in the house, it's mine. My father is in another country and because of his finacial status cannot travel here(he can't afford it). What do I do to protect my family's and my personal property? keep in mind i am unemployed and my wife doesn't have an income. I have sleepless night worrying, I am truely scared.
normally if the house is going to foreclose they will put notices on the home
if it's just a judgement then you may not have anything to worry about.....but this will depend on the state and creditor.
are you late on the mortgage?
if it's just a judgement then you may not have anything to worry about.....but this will depend on the state and creditor.
are you late on the mortgage?
Hi dcarreira,
As the property is in your father's name, the creditor will be able to place a lien on it. However, he won't come after your personal property. If you can manage to pay off the lien on your father's behalf, then you would be able to save the property even.
As the property is in your father's name, the creditor will be able to place a lien on it. However, he won't come after your personal property. If you can manage to pay off the lien on your father's behalf, then you would be able to save the property even.
No I am not behind on the mortgage at all which I am still paying even though I am unemployed at the moment, I'm a construction worker and trying to get my business moving because I have no other options in my field. Thank you for the answer, I feel a little better now, I for some reason have it in my head that they will take my personal belongings. Then I would have alot of explaining to do to my 7 year old daughter, that is what is keeping me up almost every single night. I can understand the lein on the real property and which I have already told this creditor it would just have to do and they would get there money back I soon as I sell the house which I am on the process of doing now.
Hello dcarreira,
It's a good decision to sell the house. Hope that you will be able to trouble shoot your problem.
It's a good decision to sell the house. Hope that you will be able to trouble shoot your problem.
as a general rule, when a creditor puts a lien on a property, such as you are discussing, they are doing so in order that one day they'll get their money back. that doesn't usually lead to a foreclosure at all, and they're likely just to sit back, let interest accumulate and wait for the home to sell and get their funds then.
you absolutely do not have to worry about personal property in a case such as you describe.
you absolutely do not have to worry about personal property in a case such as you describe.
Not that what is going on is good but I can sleep a little better at night knowing that I won't loose my personal property,
Thank you all for your help.
Thank you all for your help.