Property Lien

A judgment creditor can file the judgment as a lien on real property owned by the defendant. Examples of real property would be a house or a condominium. At the time that Defendant attempts to sell or refinance the real property, the lien would need to be addressed prior to the completion of the transaction.

In situations where a real estate transaction is pending, the creditor might be more inclined to demand repayment in full as opposed to negotiating a settlement. With judgment interest accruing at a statutory rate of 9%, the debt balance can grow substantially over time. If the borrower might sell or refinance the real estate, it may be prudent to resolve the judgment and obtain a property lien release priorthereto.

Need Help Resolving A Judgment Lien?

An attorney can help you understand your options to resolve the judgment lien, which might include fighting to re-open the case in court and/or settlement of the balance for a reduced amount. Call today or use the form below to request you free evaluation and learn how our lawyers help with judgment liens.