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But I just a news story where a woman was charged medical bills for an out of network doctor, it went to debt collections and they got a judgement and garnished 20% of her wages and put a lien on her home.
I thought you can only put a lien on a home for things directly related to the home, but that depends on the state you live in. I found out it depends on the Homestead Exemption rules of your state if they can put a lien or not. States like Florida have a strong Homestead law, but places like NJ and PA do not have one.
Nope, liens can be placed on your home for collections. Pay the bills and it isn't an issue. If you owe someone money, they deserve to get it back, even if it comes from equity on a home sale.
Nope, liens can be placed on your home for collections. Pay the bills and it isn't an issue. If you owe someone money, they deserve to get it back, even if it comes from equity on a home sale.
Someone I work with finally got paid years of back child support and alimony when her ex sold a house he owned. She had placed a lien against it, so when it sold, she got paid from what would have been the proceeds.
If you didn't pay the plumber, he canput a mechanic's lien on your house. THat can destroy your credit rating and when you eventually sell or die, the mechanic gets his money with interest and fees.
If you didn't pay the plumber, he canput a mechanic's lien on your house. THat can destroy your credit rating and when you eventually sell or die, the mechanic gets his money with interest and fees.
That's directly related to the property so yes, but if it's for a medical bill in some places they can in some they can't.
Texas is a 'debtor state'. I knew someone with a 20K charge off credit card. I figured they'd go ahead and place the lien, even though they can't do anything with it until he sells or dies, but they didn't. Makes me wonder if they were like it's Texas, what is the point? I think the lien has to be renewed every so many years, and so they just forgave it after the 7 years it stayed on his credit report and then sent a 1099.
Texas is a 'debtor state'. I knew someone with a 20K charge off credit card. I figured they'd go ahead and place the lien, even though they can't do anything with it until he sells or dies, but they didn't. Makes me wonder if they were like it's Texas, what is the point? I think the lien has to be renewed every so many years, and so they just forgave it after the 7 years it stayed on his credit report and then sent a 1099.
A judgement has to be renewed. It's my understanding that once a lien is in place it's there until the home is paid off or the debt it settled/paid off and the lien holder can have it removed.
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