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Can a creditor take your home in California due to a charge off? |
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Answer
A creditor can only place a lien against property or take other such actions after due process. Which entails filing a lawsuit, winning a judgment, obtaining a writ to enforce the judgment. CA. homestead exemptions are $50,000 for a single person, $75,000 for married couples, $150,000 for 65+. or if disabled. CA. Code of Civil Procedure 704.703. There are no laws prohibiting forced sales, such action is seldom initiated by creditors. Be advised creditors have other options of enforcing judgments to collect monies owed.
First answer by Nikki. Last edit by Nikki. Question popularity: 33 [recommend question]
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