Trust1
Feb 18, 2007, 05:34 PM
My sister and I are Tenants in Common via a gift from our mother. The property is paid for in full and has no home equity loans. I have an outstanding credit rating(800s). However, My sister has over extended herself and now creditors are threating liens and or judgements. My sister feels that her financial situation is none of my business. Here are my questions: How can a creditor put a lien\judgement on property that I own fully with my sister without notifying me. Next question: How can a credit card company put a lien\judgement on property before securing her personal assets. She is on SSD and I think that is protected from garnishment , but I am not sure. I am concerned that my credit will be affected and I am worried about the property. Just a comment, she does not even live in the one house on the property, she just left it and I stay in the other house and take care of everything. She continually get mail still at the address,, offers from credit card companies. What is up with that? It should be against the law for credit card companies to send pre-approved offers to someone already being sued, by another credit card company. P.S. She owes 8k and the property is worth over 10 times that much.