loans






 

Question by  grouchobeer (21)

Can a lien from a credit card company on your home result in you having to sell your home?

I have a credit card company saying they are going to put a lien on my home, I have no idea what this means.

 
+7

Answer by  noey1958 (1405)

No they cannot make you sell your home. But if you go to sell the home they will have to be paid as a result of the sale.

 
+6

Answer by  tamarawilhite (17883)

In most states, they cannot force a sale of your home to pay off the debt. However, the debt will be paid from the proceeds when the house is sold.

 
+5

Answer by  flamiss22 (5081)

This is an unsecured debt so before they start any legal proceedings against you start sending them a small amount each month. Once you are paying they have to stop.

 
+5

Answer by  SIDDHU (861)

Yes if you have not been paying your dues and it is long overdue than the credit card can put a lien on your home which means you have no other alternative but to sell your house.

 
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