Legal Question in Credit and Debt Law in Pennsylvania
My inlaws are being forclosed because of irs lien and can't get help with either because of lien. We have our camper, four wheelers and other personal items there on their property. We live on their property and were wondering when they come to do an assessment of their propertys and assests will they take our things as well? Our big items (camper, four wheelers, etc.) our in our name can the bank or irs take our things or just theirs?
1 Answer from Attorneys
No, the bank can't take your possessions in satisfaction of your in-laws debts, regardless of whether its foreclosure or some other kind of debt. If that is the case, then your camper and other personal items have nothing to do with this provided that these things are indeed in your name and that the in-laws land is not in your name. However, once the land is sold, you are going to have to get off the land and get your things off of the land.
Rather than let the the bank foreclose, are your inlaws trying to do anything? File bankruptcy? Sell the property to you if you are able to afford it?
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