Property Q&A in 90008>Question Details

Maxine, Home Buyer in Los Angeles, CA

if a person loan you money,does he have the right to claim property that you purchase

Asked by Maxine, Los Angeles, CA Mon Jun 22, 2009

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Answers

1
That all depends on a couple of factors. Was your home given as collateral? What was the loan for? Usually a personal loan that has no collateral, will not attach itself to your property, unless you lose a case in civil court.
It would be best to speak with an attorney, or expand on your question with some facts.

Daniel Klein
Broker
Over 1 Billion Sold
800-640-8798
0 votes Thank Flag Link Wed Jan 4, 2012
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