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Family Home issue?

  • 22-03-2010 12:32pm
    #1
    extremelyscared
    Closed Accounts Posts: 12 ✭


    Hello,

    If a judgement mortgage is issued against one spouse, can the family home be taken?

    What happens if one party has no funds/assets to fulfil the claim?

    Thanks


Comments

  • #2
    jenny jinks
    Closed Accounts Posts: 76 ✭✭jenny jinks


    Is the title to the property registered or unregistered?


  • #3
    extremelyscared
    Closed Accounts Posts: 12 ✭extremelyscared


    It is registered.


  • #4
    Cunsiderthis
    Closed Accounts Posts: 471 ✭✭Cunsiderthis


    extremelyscared wrote: »
    It is registered.

    My understanding is that a judgement mortgage is a lien on the title and will have to be satisfied either before, or at the time, the property is next sold.

    Do youi mean a judgement against one of the owners, or a judgement mortgage on the property?


  • #5
    extremelyscared
    Closed Accounts Posts: 12 ✭extremelyscared


    Sorry. I meant just a judgment from a court as in an order to pay damages against one spouse.

    Can they take the family home?
    If one cannot satisfy this order for damages, what happens?


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