Can a lien be placed on a property because a co-signer’s debt went into collection?
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Can a lien be placed on a property because a co-signer’s debt went into collection?
My wife is a co-signer on a car loan; she also co-signed on a loan for her mother and her mother lost the car. The went to a collection agency. Can the collection agency put a lien on the current of which I am the primary account holder?
Asked on May 15, 2012 under Bankruptcy Law, California
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
There are some words missing here. But if a creditor obtains a judgement against your wife then they can levy against anything that has her name on it. SO they can levy on bank accounts. They can file a lien on real property. I would strongly suggest you get help here. Good luck.
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