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First, as Curly pointed out this issue has been discussed several times. You might consider searching the boards before posting a question. Frequently you may find the answer already posted in a previous thread.
Second, the other answer you got is only partially correct. Its true that a creditor (other than the one holding the primary mortgage) cannot seize a primary home for a debt. However, there are limits to who can attach a lien to a home. Generally, the only debtors that can do that are those granted a mortgage by the owner and those that did work on the property (referred to as a mechanic's lien). Credit card companies have unsecured debt therefore they cannot put a lien on real property only cash assets.
they cannot put a lien on real property only cash assets.
Are you saying that in no case can an unsecured creditor with a judgment be granted a lien on real property? If so, is there a source citation we can see?
I will agree with Scott, the only time I have seen them allow credit card debt to put a lien on a home when the credit card company showed proof that part ( I do not not know what part or percent it was) of the credit card debt was used to home improvements or to make house payments.
ie, if you were making house payments using the credit card, or if they can prove alot of home improvement materials ( lumber yard bills) they could try. But basicly they want money, not a lien on a home they may never see money from or would not see in 20 years. ** and while this would be possible, I have only even "heard" of a few cases and I am not usre I really beleiveed they did it.
They will always try to attach money in the bank accounts, checking accounts, and put a garnishment on paychecks.
Are you saying that in no case can an unsecured creditor with a judgment be granted a lien on real property?
As far as I know, the answer is Yes. A lien is not granted against real property unless that property is used as collateral for the debt or in the case or a workman doing work on the property.
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