Once it’s approved, a judgment lien puts a lien on your real orpersonal property. This may include your home or any personal property you own, such as a vehicle. Once the lien has been created, you won't be able to sell or refinance your property without paying the debt, including ...
When is a Judgment a Lien?By Thomas J. Hurley, Published on 07/01/45Hurley, Thomas JInd.l.j
or liens that exist automatically because ofthe operation of laws—such as tax and mechanic’s liens—typically fall under this category. Another is a judgment lien, which arises when a court awards a creditor an interest in the debtor’s assets after a court judgment. Most general liens are...
Liens and other financial claims have become more prevalent these days as a result of recent economic circumstances. Here’s a look at what is a lien.
the lien must first be dissolved by paying off the amount of the judgment. The claims of a judgment creditor have priority over the claims of unsecured creditors for purposes of disposition of the assets of a debtor in. In addition, if the judgment obtained by the plaintiff was for fraudulen...
While trying to get a deed in lieu, my ex-husband signed the quit claim on the property to me. However, his name is still on the mortgage as a co-signer. The mortgage company did a title search and found a judgment the courts filed for child support he has not paid me. Because th...
The final perspective of a senior lien relates to judgments. Judgments are court rulings against you for a financial amount. If you cannot pay the judgment, the court will place a debt against your home. When you sell your home, all must be paid. Judgments are paid after your first and...
Share on Facebook JUDIS (redirected fromJudgment Information System) AcronymDefinition JUDISJudgment Information System(judiciary; India) Copyright 1988-2018AcronymFinder.com, All rights reserved. Suggest new definition Want to thank TFD for its existence?Tell a friend about us, add a link to this ...
Judgment is a court decision, spelled out in a court order, that adjudicates a dispute between two parties by determining the rights and obligations of each party. A judgment mayrequire monetary compensationor transfer of property from one party to another. Judgments can also have non-monetary r...
When the law gives a creditor the right to impose a claim on your property for an unpaid debt, that is a statutory lien.2One common type of statutory lien is a tax lien, in which the government has the right to seize your property if you fail to pay a tax bill.1 A judgment lien ...