QuestionOct 6, 2020 - 10:47
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Can a joint tenant/owner have a lien put on house (primary residence) if other owner passes away with credit card debt?
My mother and grandmother live in Seal Beach Leisure World. If they are both co-owners and residents (joint tenancy) of this property and one passes away (God forbid) with some credit card debt, can the creditor(s) put a lien on the property postmortem even though the person passed away and home was/is BOTH persons' primary residence and they are both owners? Credit card debt currently is NOT delinquent. The property is a co-op. If you are unfamiliar with how Seal Beach Leisure World functions, please read this part about what Leisure World owners actually "own": "When buying a co-op unit you will become a shareholder in a Mutual Corporation. The Mutual will own the unit, the land and the building. You will own the occupancy rights, have a share hold in the Mutual and common areas and will be considered a tenant in your Mutual. You will receive a Stock Certificate and Membership Certificate showing ownership of the stock attached to the unit"
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