Asking about lawsuits, i need legal advice? is it possible if in a lawsuit can they possibly take your home?
Find answers to your legal question.
Asking about lawsuits, i need legal advice? is it possible if in a lawsuit can they possibly take your home?
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Charis P
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In a lawsuit, if the homeowner is the defendant, it is possible that the homeowner could lose the home. If a judgment is rendered by the court against the homeowner and the homeowner cannot pay the judgment, the plaintiff could place a lien on the howeowner's home, and if there is a mortgage on the home and the bank holding the mortgage becomes aware of the lien and discovers the homeowner cannot pay the underlying judgment off, the bank has the option to foreclose on the mortgage and force the sale of the home to payoff the mortgage loan. |
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Kathy Beth
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I think you should consult an attorney. When I had a legal issue, I went to www.quicklegalanswer.com. It was fast and very cheap. Hope that helped!! |
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