That would be the debtor.
Yes, if the creditor sues the debtor and is awarded a judgment the judgment can be used to place a lien against real property belonging to the debtor.
The creditor must obtain a judgment lien from the court. They must sue the debtor and if they win they can request a judgment lien from the court. The lien can be recorded in the land records and the debtor's property cannot be mortgaged or sold until the lien is paid.The creditor must obtain a judgment lien from the court. They must sue the debtor and if they win they can request a judgment lien from the court. The lien can be recorded in the land records and the debtor's property cannot be mortgaged or sold until the lien is paid.The creditor must obtain a judgment lien from the court. They must sue the debtor and if they win they can request a judgment lien from the court. The lien can be recorded in the land records and the debtor's property cannot be mortgaged or sold until the lien is paid.The creditor must obtain a judgment lien from the court. They must sue the debtor and if they win they can request a judgment lien from the court. The lien can be recorded in the land records and the debtor's property cannot be mortgaged or sold until the lien is paid.
You can place a lien on a personal loan. You need to win a lawsuit that allows you to against the debtor.
A property lien is an attachment to the property, not the debtor. The answer would be "no", that won't help you get out of paying the debt.
==Anwer== In order to place a lien on someone's property you must bring an action in the appropriate civil court in your area. If you are successful the court will issue an execution that will be recorded in the land records and a copy will be served on the debtor by the sheriff. The debtor will not be able to sell or refinance their property until the lien is paid.
A creditor can sue in court to obtain a lien against a debtor for an unsecured loan. If successful in the lawsuit, the creditor can request a judgment lien that can be used to take the debtor's property to pay the amount due.A creditor can sue in court to obtain a lien against a debtor for an unsecured loan. If successful in the lawsuit, the creditor can request a judgment lien that can be used to take the debtor's property to pay the amount due.A creditor can sue in court to obtain a lien against a debtor for an unsecured loan. If successful in the lawsuit, the creditor can request a judgment lien that can be used to take the debtor's property to pay the amount due.A creditor can sue in court to obtain a lien against a debtor for an unsecured loan. If successful in the lawsuit, the creditor can request a judgment lien that can be used to take the debtor's property to pay the amount due.
Yes. The creditor must sue the debtor in court and if they are successful they can request a judgment lien. The lien can be recorded in the land records.Yes. The creditor must sue the debtor in court and if they are successful they can request a judgment lien. The lien can be recorded in the land records.Yes. The creditor must sue the debtor in court and if they are successful they can request a judgment lien. The lien can be recorded in the land records.Yes. The creditor must sue the debtor in court and if they are successful they can request a judgment lien. The lien can be recorded in the land records.
A particular lien exists only as security for a particular or specific debt owed, and a general lien allows a lien holder to keep possession of a debtor's goods until all debts due from the debtor have been paid.
Sure, but the creditor would have to place that lien on the debtor in Tennessee. It might even be necessary to file the lien in the county where the debtor lives, or where the property is (if it is different than the debtor's residence). Keep in mind that lenders do this all the time for automobiles; GMAC is headquartered in Detroit, Michigan, but if you live in New Mexico and borrow from them to purchase a car, the lien will be files in New Mexico not Michigan.
The creditor will execute the judgment against the debtor's non exempt assets or property not the debtor's legal counsel. On the debtor.
If the lien is attached to a valid debt, the only recourse the debtor has is to pay the amount of the lien. If the judgment debtor believes the lien to be faulty he or she has the legal right to file suit to have the lien removed from the encumbered property.