Judgment Against Property For Rem In Nassau
Description
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FAQ
Personal Property Execution If a Judgment Creditor knows that the Judgment Debtor owns a car, truck, motorcycle or other personal property of significant value, the Judgment Creditor may file a Property Execution.
The judgment may appear on your credit report and/or tenant screening reports for up to seven years. Read this guide to learn more about when it is legal for a rental debt judgment to appear on your “record” and how you can dispute any improperly reported judgments for rental debt.
There is nothing in law preventing you from renting an apartment if you have a judgement, per se.
A landlord may see taking on a tenant with a judgment as a huge risk, but they might be willing to overlook that risk if you provide a large deposit as insurance. This will give them confidence in your ability to make future rental payments.
In a debt collection lawsuit, a judgment is a court order that allows the debt collector to use stronger tools, like garnishment, to collect the debt. A judgment is an official result of a lawsuit in court.
Most creditors will file the release of judgment within 30-60 after you finish paying them. What if I need the judgment released immediately (“I'm supposed to close next week!”)? You can ask them to give you the release sooner. They might do it; they might not.
