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Can a debt collection agency sell your house/condo?

10 Answers

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  • 2 years ago

    No , but they can force you into bankruptcy.

  • 2 years ago

    As a rule, they cannot sell what they do not own or for which they have no legal or equitable title.

  • 2 years ago

    If the debt collection agency bought the mortgage from a lender, they can foreclose. If the debt is unrelated to the mortgage or the property - such as credit card debt and unsecured loans - the collection agency can sue you for the debt and win a judgment against you. In some cases, they may be able to get a lien recorded against your property, but they can't foreclose on it/sell it. The lien just ensures that they get paid next in line after the mortgage lender, when you sell it.

  • Anonymous
    2 years ago

    they have to successfully sue you in Court, first ........................................

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  • 2 years ago

    If the debt collection agency assumed your mortgage...sure. Its called a foreclosure.

    They probably wont do that though, its easier to sue you.

  • 2 years ago

    No, and why would they? Their job is to collect a debt. If you owe a debt and you aren't paying it, you can be sued. When you lose the lawsuit and have a judgment against you, then a lien can be levied on your house or condo and then the house/condo can be foreclosed on. All a collection agency does is try to collect the debt, to avoid a lawsuit, which would be to your benefit, because you wouldn't have collection costs, court costs, interest, and foreclose proceedings costs added to your debt.

    Source(s): Certified Paralegal, with 25+ years' experience.
  • ?
    Lv 7
    2 years ago

    No. They can sue you and put a lien on it. But thats very, very rare.

  • R P
    Lv 7
    2 years ago

    No.

  • ?
    Lv 7
    2 years ago

    No. They can place a lien.

  • Dze
    Lv 7
    2 years ago

    no .. but if you have unpaid back taxes your property is in extreme jeopardy ..

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