Foreclosure ten years ago bank has open a case in court
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Foreclosure ten years ago bank has open a case in court
Hi I lost my house in 2007 in Fl I
tried to save it in many ways lost my
job couldn’t afford my mortgage. I had
the mortgage with 2 banks now one of
the just open a case trying to collect
money. The property went to foreclosure
and was sold after a year . I moved to
CT and bought another property here.
Can they put a lien in these property
or go after my assets like tax refund .
I recently lost my job barely my
payment for this new home and
collecting unemployment now . I need an
advise please I am afraid to lose the
home again
Asked on March 16, 2017 under Real Estate Law, Connecticut
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 7 years ago | Contributor
If they have sued you personally (not just foreclosed) previously for the money and got a judgment in their favor, or successfully sue you now for the money and win, getting a judgment, then if you don't pay what you owe and/or work out a payment plan they agree to, they can potentially put a lien on your new home as a way to secure payment. Liens are one mechanism that creditors, including judgment creditors (people or businesses who sue you and win) can use to get payment when the debtor does not pay. There does need to be a court judgment in their favor, which is what would give them the right to apply to the court for the lien.
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