Abstract Of Judgment Foreclosure Sale
Description
How to fill out Judgment Foreclosing Mortgage And Ordering Sale?
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FAQ
If you choose not to wait for the defendant to sell or refinance the property, you can look into ?foreclosing? on the judgment lien. This means that you force the other person to sell the property and pay you with that money.
Write the name and last known address of the judgment debtor in the space provided. You may also include any known aliases used by the judgment debtor. Fill in the last 4 digits of the judgment debtor's driver license number and state where it was issued, if you know them.
Once the abstract of judgment has been issued, it may then be filed with the county clerk where the real property is located. County clerks will require a fee in order to record this document into the property records. Check the county clerk's website or contact their office for their current fee schedule.
An abstract of judgment is a written summary which states how much money a losing defendant owes to the winning plaintiff in a lawsuit. This person who won the lawsuit and is owed the debt is the ?judgment creditor.? The person who lost the lawsuit and owes the debt is the ?judgment debtor.?
The purpose of an abstract of judgment is to create a public record and create a lien or claim if necessary on any real estate owned or later acquired by the loser located in the county in which the abstract of judgment is recorded.