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Who Can Put a Lien on Your House in Canada?

Liens can significantly impact property ownership in Canada, often catching homeowners off guard. Understanding liens—what they are, the types that exist, and who can place them on your property—is crucial for any homeowner. This article unpacks the complexities of liens, explores potential lien holders, and discusses the consequences they can have on property sales. It […]

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real property lien

if i own real property jointly and a creditor gets judgement for a credit card debt owed, could they place a lien on the property. there is no equity in the property since it has dropped substantially in market value

Posted from: Ontario

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One Response to “real property lien”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

If an unsecured creditor obtains a judgement, they have the ability to place a writ of enforcement (that is the name in Alberta, the name will vary depending where you are in the country, but the principle is the same) on that property regardless of whether there is equity or not. So the answer is yes, they can place their charge on the property and wait in hopes that the market value of the property rebounds or improves.