Jun
09

Q&A: 3 people purchase house & we all have unpaid bills can A lien be put on the house?

Question by Eric : 3 people purchase a house together and  all have unpaid bills can A lien be put on the house?
3 people get enough money to purchase a house together, One is retired with social security only and just recently stopped paying her credit card bills because of lack of funds. Can the credit card company’s put a lien on the house they plan to purchase together?
Could a creditor put a lien on a house that has 2 other people on the title? The other two people could sue the hell out of the creditor that put the lien on their house right?

Best answer:

Answer by tazman111
no. credit cards are unsecured loans. just do not sign any paper work putting your house as collateral. if this is a bank loan than yes ,they would be able to put a lien on it

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