I have two rentals and another home I live in. The rentals are not worth what I owe. Can creditor card companies put a lien on the rentals and or the home I live in. If I homestead the one I live in, can they still put a lien on it. I don't really care if they put a lien on the two rentals. I am on Social Security. No other income. This is California and I have two credit defaults totaling over $50,000.

They can put a lien on any assets you have, but many states have "homestead" laws that will exempt all or part of your primary residence.

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Originally Posted by ScottGem

They can put a lien on any assets you have, but many states have "homestead" laws that will exempt all or part of your primary residence.

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The question comes down to whether, in California, one must do an official "declaration of homestead", or whatever, in order to perfect ones homestead right.