Judgment Lien On Personal Property With Mortgage In San Jose
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For example, a mortgage has priority over a judgment lien if the lender records it before the judgment creditor records its lien.
Here's how lien priority typically applies to mortgage liens: First mortgage: The first mortgage is, you guessed it, the first mortgage you take out on a property. First mortgages are almost always recorded before any other liens are, and are high on the lien-priority ladder.
Real estate tax liens are in first position and get top priority regardless of when the taxes were incurred.
An involuntary lien can occur without your knowledge, depending on the circumstances. A creditor often places a judgment lien after suing you and winning the case.
An involuntary lien can occur without your knowledge, depending on the circumstances. A creditor often places a judgment lien after suing you and winning the case.
Key takeaways. While credit card companies technically have the ability to pursue your home for unpaid debt, it's rare. A debt collector must go to court and get a judgment before it can place a lien on your home. There are limits and exemptions to how much of your home's equity a debt collector can claim.
