Legal Question in Credit and Debt Law in Michigan

reverse mortgage

I have a reverse mortgage on my home. I have credit card debts for which I am getting letters from attorneys. Can they put a lein on my home?


Asked on 3/05/09, 1:52 pm

2 Answers from Attorneys

Rochelle Guznack Law Offices of Rochelle E. Guznack, PLLC

Re: reverse mortgage

If a creditor obtains a judgment against you in Michigan, the judgment creditor can place a judgment lien on your real property. Of course, the mortgage company would be in first place with respect to any proceeds from the sale or refinance of your property and any additional proceeds would go to others who have a lien against the property. It would be quite rare for a judgment creditor with a lien to try to force a sale of your property. They will generally wait until the property is sold or refinanced. The judgment lien is good for five years and renewable for another five years. You may be able to outwait them.

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Answered on 3/08/09, 2:46 pm
Timothy Klisz Klisz Law Office, PLLC

Re: reverse mortgage

Generally speaking, if the credit card lines are not tied to the house (ie- line of credit), the creditors do not have lien rights on a home. They do have the ability to make your life very uncomfortable. You should hire your own attorney to even the playing field and work out deals with these creditors. Bankruptcy is also an option for some people. Visit www.kliszlaw.com to discuss your options. Tim Klisz

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Answered on 3/05/09, 2:08 pm


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