Can a lien be placed on a property because a co-signer’s debt went into collection?

Get Legal Help Today

Compare Quotes From Top Companies and Save

secured lock Secured with SHA-256 Encryption

Can a lien be placed on a property because a co-signer’s debt went into collection?

My wife is a co-signer on a car loan; she also co-signed on a loan for her mother and her mother lost the car. The went to a collection agency. Can the collection agency put a lien on the current of which I am the primary account holder?

Asked on May 15, 2012 under Bankruptcy Law, California

Answers:

M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney

Answered 11 years ago | Contributor

There are some words missing here.  But if a creditor obtains a judgement against your wife then they can levy against anything that has her name on it.  SO they can levy on bank accounts.  They can file a lien on real property.  I would strongly suggest you get help here.  Good luck.


IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.

Get Legal Help Today

Find the right lawyer for your legal issue.

secured lock Secured with SHA-256 Encryption