Thursday, May 22, 2014

If a creditor gets a judgement against me can they foreclose on my house if 3 people own it?

Question

If a creditor gets a judgement against me can they foreclose on my house if 3 people own it?



Answer

Unless you have no mortgage, it is unlikely that s creditor will foreclose on your house. You get to keep the first part of the equity. The facts that there are other owners (presumably not on the judgment) will further deter a foreclosure.

Good luck



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