I live in ky and me and my husband are trying to purchase the home we have rented for 8 years. Then today we get a call and a company we owe money(tried to settle) put a lien on our rental. How can they put a lein on something we dont even own? So if anyone has awnser I just want to know the legal details to them doing so. The original owners of home are rightly upset and whats worse is its under $500.00.Of course thats money we do not have and time to work out as we must close on the 2nd of January. PLEASE,PLEASE,PLEASE if you have any helpful info.
2007-12-31 05:01:32 · 4 answers · asked by eskimoes27 1 in Business & Finance ➔ Renting & Real Estate
well it was the real estate attorney that contacted me on this and yes it was medical related, i know its a shot in the dark question just really needed some more info, thanks all
2007-12-31 05:15:46 · update #1
The lien is not legal. The owners of the property do not owe the money, you do. However, the judgement would show up on your credit report and prevent you from purchasing. It only prevents YOU from purchasing, not the homeowners from selling.
2007-12-31 05:15:55 · answer #1 · answered by Landlord 7 · 3⤊ 0⤋
They cannot lien someone else's property due to you and your husband's debts.
Sounds like they simply used your current address and put a lien on the property without even checking to see who actually owned the property.
This means that the current owners can have this lien dissolved, but I don't see how that can happen by January 2nd. The current owners need to contest this lien - in which case I strongly believe they would win - but your settlement will probably need to be postponed until this is sorted out.
Of course, once you settle and this becomes your property, then the same company can put the lien back on - so then you and your husband would own the home with a lien.
2007-12-31 06:41:56 · answer #2 · answered by Matt K 4 · 0⤊ 0⤋
They can't put a lein on someone else's property. If you don't own it then they can't go after it. I would call a real estate attorney B4 U sign the papers to find out your best options. You can challenge the lein in court as well. Is it a medical or associated with an accident? You may have special rights. Good luck to you.
2007-12-31 05:12:06 · answer #3 · answered by Nice one 5 · 0⤊ 0⤋
They cannot attach a debt that belongs to you to a property that does not belong to you. But, if a judgement was filed against you, it will attach to your new property, which means to you do not have clear title. The problem is not with your rental, but with the house you are attempting to buy. There is no way to get around it, because your lender will not permit your loan to close without clear title.
2007-12-31 05:09:13 · answer #4 · answered by sarah jane 7 · 1⤊ 0⤋