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can a credit card company put a lien on my home and try to foreclose on it for not paying the balance
South Salem, NY
Viewed 1674 times.
Posted 11 months ago in Foreclosure
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Real Estate Foreclosure:
i have a judgment against me in NYS from American Express. i own a property in South Carolina that has no bank mortgage but has a lien on it already from my employer who gave me a loan. Can American Express lien this property and foreclose on it? It is not my primary residence.
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Answers (2)Stanley Duane Lockhart
This attorney is licensed in California.
Posted 11 months ago.
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If American Express finds out about the property, they can petition for a sister state judgment, writ of attachment and file in the county where the property is located in SC. They can not foreclose but the lien once recorded runs with the land until paid ususally when the property is sold or refinanced.
Barry W. Rorex
This attorney is licensed in Arizona and 2 other states.
Posted 9 months ago.
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It is possible to have multiple liens encumbering a property. However, merely having a lien on the property does not give the lienor the right to initiate foreclosure. If you sell the property, that is when the liens will come into play. The order of lien priority is governed by state law. You should consult with an attorney to determine how the liens may be treated upon a sale.
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