Re: SUMMONS

Posted by Why Chat (209.240.205.61) on April 22, 2004 at 07:14:24:

In Reply to: SUMMONS posted by MESS on April 21, 2004 at 23:58:52:

It s possible that a judgment lien may be placed against your home.

Ca. excludes $75,000 equity from any lien, so unless you own the property by yourself, and have at least $75,000 equity plus the value of the judgment, (figuring at a distress sale price,not market value) you have no concerns about the house being sold at a sheriff's sale.

It will, however, impact yur ability to refinance or sell.

How old is this cc debt? Have you filed an answer? If you fight them on this in Court, you will have a chance of winning.

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