you filed a lawsuit, and the judge agreed with your position, you
will be awarded a judgment against the individual or private entity
who owed you money. Having won the judgment does not necessarily mean
you will be paid. What the judgment does do is give you the legal
right to collect. Financially sound entities will pay the judgment
entered against them. However, not every person or small business is
financially sound. When all efforts to collect fail, the creditor has
the right to attach the assets of the debtor, including real
property, and turn to a company that advertises, we buy
judgment lien is a court ruling that gives the credit the right to
take possession of debtor’s assets, including real property. The
lien is imposed after someone sues you and wins a monetary judgment.
Unsecured debt includes credit card balances, personal loans, medical
bills, etc. A creditor that has been awarded a judgment has the right
to collect. If the payment is not forthcoming, the creditor can
attach the wages of the debtor and place a levy on the debtor’s
bank accounts. These attempts at collection often fail. The creditor
can then resort to more aggressive action, including selling the
do not charge a fee, and when the arrangement is complete, the
creditor is paid in cash.
lien on real property
can be time consuming and expensive. Often, the creditor has so much
accumulated debt that making good on a judgment is not a
high-priority item. In a case like this, the creditor has every right
to seize the debtor’s unprotected assets. A creditor often decides
not to pursue collection, unless the debtor has considerable equity
in the property. It is at this time when the course of action often
is to sell the judgment for cash.
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