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What is deficiency judgment in Maryland?
its where your home was foreclosed on and whatever it sold for was less then what you owed you could have to pay the remaining balance
If you have a judgment against you and cannot pay it all can you settle for less than what is owed?
The party involved can try to negotiate a settlement, but it's unlikely if a judgment has been awarded. Once a judgment is in place the creditor has several options for executing it for payment of funds owed. If the debtor is gainfully employed the creditor will probably enforce the judgment as a wage garnishment and collect the entire balance of the debt.
In Florida are sellers of a home responsible for deficiency judgments?
If the sellers sold the home for as much as they owed on the loan, there is no possibility for a deficiency judgment, since there is no deficiency. If the sale was through a short sale where the bank took less than it was owed but allowed the homeowners to sell and walk away, the bank would have to sue for the deficiency judgment.
What are unpaid judgments?
A judgment is a debt that is legally owed by a debtor. It is a court ordered payment demand. An unpaid judgment is a judgment that has not been resolved.
Can you garnish the judgment debtor's wages if you have a six hundred dollar judgment?
Yes, the judgment amount is irrelevant when it pertains to the execution of the writ and the recovery of the debt owed. The judgment should be filed with the clerk of the court to be enforced as a wage garnishment order. Please be advised, the court will not collect the monies owed, that is the sole responsibility of the judgment holder.
What is the difference between an abstract of judgment and a judgment?
An abstract of judgment is a statement written as a summary of a judgment. It generally outlines any money owed by the plaintiff to the defendant or claimant in the case.
Can bank accounts be seized if a judgment is owed?
They can levy them once they have a judgement.
Can a landlord get a judgment for more then what rent is owed?
If there is any damage to the rented property he can get additional money to compensate; otherwise he is limited to the rent owed.
How do you collect a final judgment in the Florida?
File the judgment with the clerk of the court in the county where it was issued in the manner in which you choose to collecct the debt owed.
How do you collect a debt owed when you have been awarded a judgment from the court in Florida but no payment has been forthcoming?
It is the responsibility of the judgment holder to choose the method how to collect the debt owed. The judgment holder files the judgment with the clerk of the issuing court in the manner they wish to collect the debt, such as a wage garnishment, bank account levy, property lien, etc.
What does short changer mean?
A short-changer is someone, when you're making a purchase, who tries to give you less change than what you are owed.
If my car is repossesed can they take your home?
no they can't they can only put a judgment against you for what you owed left on it
