 |
If you are being sued for 1200 dollars can you lose your home? |
[Edit] |
Answer
Liens can be placed against any real property owned by the person being sued. A forced sale of property seldom happens, with the exception of secured lender foreclosure. Unsecured creditors prefer ganishment or levy procedures, as they are the least complicated legally and therefore easiest to enforce. And all states have homestead exemptions which can be used to protect the person's primary residence. Consult the bankruptcy exemptions for your state of residency, these exemptions also apply to judgments from lawsuits.
First answer by Nikki. Last edit by Nikki. Question popularity: 43 [recommend question]
|
Also see on Answers.com
Research your answer: |
Answers.com > Wiki Answers > Categories > Business and Finance > Personal Finance > Money Management > Credit > Credit and Debit Cards > If you are being sued for 1200 dollars can you lose your home?
Our contributors said this page should be displayed for the questions below. (Where do these come from ) |
| If any of these are not a genuine rephrasing of the question, please help out and edit these alternates. |
