Judgment Against Property For Sale In Travis
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FAQ
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.
For example, the creditor could place a judgment lien on your home which would inhibit you from selling the property without first paying the creditor what you owe.
Generally, to file a judgment lien, an abstract of judgment must be issued by the justice court. Some justice courts have a form available on their website to request an abstract of judgment.
Judgements can become a first lien against a property. Lenders generally want to be first lien when it comes to mortgages. So yes, it will be deal breaker for most mortgage companies. I've seen mortgages get denied because of a $6000 judgement.
And a homeowner may find it difficult to sell any property that has a lien against it. Prospective buyers may avoid a property to which someone else has a claim.
The judgment lien is not going to impact a homesteaded property so the mortgage lender would be able to obtain a first lien on your property. So, as long as you otherwise qualify for a mortgage, the judgment lien should not be a problem.
Ways to Invest in Tax Lien Properties in California Investors can register online, review the list of available properties, and place bids. Buy directly from county offices: Some counties allow investors to buy tax liens that were not sold during the initial auction.
The Judicial Tax Sale is held the first Tuesday of each month at a.m. at the rear of the Travis County Courthouse, 1000 Guadalupe St., Austin, TX 78701. A Tax Foreclosure sale is a legal action the county takes as its final effort to collect delinquent property taxes.
Ways to Invest in Tax Lien Properties in California Online tax lien auctions: Counties across the state frequently hold these auctions to sell liens on properties with unpaid taxes. Investors can register online, review the list of available properties, and place bids.
