my girlfriend and i are buying a home tomorrow she owes about 2000 in past due credit.?

Question

can credit card companies put a lien on our home? we will wholly own the place thanks

Answer 1

Yes, if they get a judgment.

Answer 2

If " wholly own " means your paying cash , the credit card company won't get involved with the purchase .

Later , they may or may not place a lien that will have to be settled when you decide to sell the house .

Answer 3

If you put her on title and they obtain a judgment, then yes...

$2000 is a small amount especially if you are buying a house. Why not negotiate with the creditor??? Offer them 50 cents on the dollar to settle. (start at 10 cents on the dollar).

Or, the sneaky way is to buy the house and have her "quit claim" off title right after you close escrow. This takes trust on her part since she won't be on the deed. Since you're not married they can't come after you. If she's not on title then she doesn't legally own anything (even though she's on the loan).

Just be sure to make mortgage payments from a joint checking account with her name on it. This will establish her "vested interest" in the property if you need to refi later on down the road.

Answer 4

Over due credit ? Is her name on the loan papers ?
Did they jack your % rate a full percentage point ?

But you said buying , meaning you are paying cash .
If they get a judgement , I would guess lien is a possiblity .
If she's rich enough to pay cash , why is she overdue on her debts ?

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Answer 5

If she has that on her credit histoy, they may not allow you purchase a home. If they do, it may be at a higher interest rate. And yes, they can put a lein on your home to get what is owed them.

Answer 6

no if it was a issue your mortgage rep would of brought it up already.