Want to be on title but scared creditor could put a lien on house!

What is the name of your state? California


Hello, Me and my boyfriend are currently in the proccess of purchasing a brand new home. It turned out with his perfect credit he was able to get the house on his own and just to add my name to the title. What I am worried about is what if the creditors decide to put a lien on the house? I went to see a credit counselor a couple of years ago and they said that I can wait 2 years and it will fall off since its been 5yrs already. So next year my credit report would be 80 percent clean. I really dont know what to do... I am about $5000.00 in Credit card debt and the most on 1 CC is about $1000.00...we plan on staying in the house for at least 5 years... so if they decided to put a lien on the house would the lein come off within the two years, since it hit the 7 year mark? Please advise... thank you so much!

[HomeGuru]

Originally posted by Madli
What is the name of your state? California


Hello, Me and my boyfriend are currently in the proccess of purchasing a brand new home. It turned out with his perfect credit he was able to get the house on his own and just to add my name to the title. What I am worried about is what if the creditors decide to put a lien on the house? I went to see a credit counselor a couple of years ago and they said that I can wait 2 years and it will fall off since its been 5yrs already. So next year my credit report would be 80 percent clean. I really dont know what to do... I am about $5000.00 in Credit card debt and the most on 1 CC is about $1000.00...we plan on staying in the house for at least 5 years... so if they decided to put a lien on the house would the lein come off within the two years, since it hit the 7 year mark? Please advise... thank you so much!

**A: no, once a lien if filed, it stays on until the lienor removes it or by court order.

is it true they would need to sue me first??

[HomeGuru]

Originally posted by Madli
is it true they would need to sue me first??

**A: yes, if the creditors are credit card compnaies with no automatic lien rights.
If you hired a contractor and failed to pay, the contractor can file a lien without court action.

Thank you soo much for all you help.. I appreciate it!!!

[HomeGuru]

You are welcome sooo much.