If i lend money to someone and they aren't paying it back can a lien or judgement be put on their house

Question

If i lend money to someone and they aren't paying it back can a lien or judgement be put on their house

Answer 1

Nope...........do you have a contract.........if not it was a gift........sorry

Answer 2

Do you have contract in writing? Are there witnesses? Is it for a large amount of money? If you don't have it in writing, chances aren't very good, but you can always take them to court (or small-claims court) and try.  

Answer 3

Is the loan agreement in writing and witnessed or notarized?  Is it a substantial amount of money, or does it fall within your state's limits for Small Claims Court?  If you have these, you can go to court, get a court order, and collect.  If they still do not pay, then you go back to court and get an order to seize their assets, bank accounts, etc., or place a lien on their property.

You can usually collect with an order from Small Claims Court (small amounts) or a judgment without resorting to a lien if you were smart and have records of their bank account(s), such as a cancelled check, returned NSF check, or copy of a check.

Answer 4

Probably not since most states have homestead laws.

Answer 5

No, not unless you had a written contract using the house as collateral - in other words, a secured loan.