A deficiency judgment involves a creditor and a debtor. Upon a debtor's failure to pay his or her obligations, a deficiency judgment is rendered in favor of the creditor for the difference between the amount of the indebtedness and the sum derived from aJudicial Saleof the debtor's property...
What Are Judgment Liens On Property In California? A lien is a form of security interest granted over an item of property to secure the payment of a debt or obligation. With judgment liens on property, a certain amount of the judgment is settled by selling the property of the debtor the ...
Upon a debtor's failure to pay his or her obligations, a deficiency judgment is rendered in favor of the creditor for the difference between the amount of the indebtedness and the sum derived from a Judicial Sale of the debtor's property held in order to repay the debt. Enforcement of ...
For you to locate the real property that is owned by your debtor you would have to go to each county office and conduct a search. Your judgment could be from let’s say Sacramento County California yet the debtor owns property in Florida. You would not know this unless you went to the...
has any assets, jobs, friends ect. This is also a great search to do before you file your case to determine if the debtor has any assets. We don’t take all judgments. We are a judgment collection agency California and only want judgments with debtors who have income or assets to ...
Attempt to collect payment from the debtor voluntarily through a 30-day general execution before requesting a judgment debtor examination from the court. This is the process in states like Missouri. Once the 30 days pass and the debtor doesn't pay what is owed, proceed to Step 4; otherwise ...
and directing and requiring such mortgagor or judgment debtor, to pay all or a reasonable part of such income or rental value, in or toward the payment of taxes, insurance, interest, mortgage or judgment indebtedness at such times and in such manner as shall be fixed and determined and order...
A deficiency judgment involves a creditor and a debtor. Upon a debtor's failure to pay his or her obligations, a deficiency judgment is rendered in favor of the creditor for the difference between the amount of the indebtedness and the sum derived from aJudicial Saleof the debtor's property...