Sunday, May 23, 2010

When your account is sent to collection and an attachment to real estate property?

When you owe money to a company and they add an attachement to your personal real estate propert, what does that mean?? Will they make you sell your house?? or any part of it??
When your account is sent to collection and an attachment to real estate property?
No, they can not seize your house. They will prevent the house from being sold or refinanced until they are paid what you owe.





They can force the sale from your estate, you children can not inherit your property without paying the lien.
Reply:They won't make you sell it, but when you do sell it or when you die and your estate sells it, the first people/entities to be paid are those with attachments/liens against the property. In order for you to cleanly transfer title, they have to release the attachment or lien, which they won't do until the debt is paid.
Reply:You will have a lien on your house and you will not be able to sell it without paying the lien off. Not a good thing to have attached to your home.
Reply:I just refer you to visit http://www.alluk-property.co.uk for more help.I am sure your queries will be solved, good luck




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