Old debt / New Home. Can a debtor from over 4 yrs ago that went to collections put a lien against a new home?

Question

Debt sold to collections agency.
I'm concerned about cloud on title of new home.

BK several years ago but one item was not included due to Atty oversight. I was recently grant warranty deeded a home that I refinanced to get the mortgage into my name but couldn't get any cash out. I had no stake in this property 4 years ago and really no money to pay back the debt and really still do not. Making the mortgage is no different than making rent as my everyday finances go.

Answer 1

The only time a lien can be put on something is if this debt is attached to something else such as a house car, etc. But if it is just a loan credit card or something of that nature the only time a lien can be put on something is at the time of purchase and it is only on what you are buying. The only thing you will get penalized for, like a higher rate for ex., is if you have these collections and then some.
It takes 7 years for this to fall completley off your credit, but you will never need to worry about a lien being placed on something new you are buying. You just can't do that. There's no such thing.

Answer 2

Yes, If U Have A Judgement Against U, They Can Put A Lein On Any Property U Own........

Answer 3

The only way they could secure a lien on your home is if they first sue you and secure a judgment against you. Even then, they could not take your house. They could only require that they get paid before you do when the house is sold.

Answer 4

DEFINATELY!!! I am not so sure if they "wrote off" the loss though. They cannot claim the settlement twice if it's off their books. They have up to 7 years from last activity date under statute of limitations to file claim against your property so it doesn't matter how old the debt is.