Legal Question in Credit and Debt Law in Colorado
can i place a property lein on debtors house
i had a promissary note for 5000.00, i had to go to small claims to get a judgement to collect. ne the debtor has VANISHED can i put a lein on his property for the balance of the debt??
Asked on 12/14/00, 9:30 pm
1 Answer from Attorneys
Richard Schroeder
Richard O. Schroeder, Counselor At Law
Re: can i place a property lein on debtors house
Yes, with a judgment not only can you put a lien on the property, but you can also execute or foreclose on the property. You can also garnish wages, bank accounts, and obtain the money from others that owe the debtor money.
Answered on 12/15/00, 10:37 am