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    universe's Avatar
    universe Posts: 77, Reputation: 1
    Junior Member
    		  
    #1

    Apr 22, 2008, 07:31 AM
    Lien amount increasing?
    I have a lien against me for $4800 from a personal loan. I own my home. I can make payments on this lien but that would be a real hardship as my income is low. If I just let lien be paid with sale of house or from my estate will the lien amount increase unabated?
    George_1950's Avatar
    George_1950 Posts: 3,099, Reputation: 236
    Ultra Member
    		  
    #2

    Apr 22, 2008, 07:35 AM
    Most judgements accrue interest at the 'legal' rate, as set forth by your state government. So, yes, interest on the debt is compounding.
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