It can be, but it's a process. After a court awarded judgment of money, there is an appeals process that can modify or overturn the amount of that award.
Then, assuming that the award still stands in some form, the person may not pay it. If so, there is more court needed. After a point, it would be possible to put a lien on the person's house, though there are some cases in some states where the primary residence cannot be attached, especially if other innocent adults live there, or children.
Assuming a lien can and is in place, then there would have to be a forced sale, which would mean more court.
(At this point, as any honest attorney would tell you, the legal fees to do all this might well exceed the value of the amount derived from the sale of the house.)
You can reinstate your mortgage after judgment was entered. The bank can move to have the court set aside the judgment.
The following is general information. A Minnesota court order allowing the seizure of property to satisfy a judgment would not be valid by itself to seize property in another state. There is reciprocity between states so theMinnesota judgment creditor can use the judgment issued by the Minnesota court to obtain a judgment in the Wisconsin court and then seize the property.
Check with the court that issued the judgment and ask how you can have the lien recorded in the land records.
Yes. Your creditor can seek a judgment lien in court.
No, the judgment is a court order and must be paid in full or to the satisfaction of the judgment holder.
Yes--but only if they have a court judgment against you. In that case, they would have what is called a judgment lien.
Yes. If there is a balance due on the loan and the creditor has obtained a court judgment.
No. Court is a must
Generally, if the home is in a sole ownership then you can record a lien once you have prevailed in a lawsuit and the court has issued a judgment lien. Generally, a home is not a marital home unless the husband and wife both hold title as a husband and wife.Generally, if the home is in a sole ownership then you can record a lien once you have prevailed in a lawsuit and the court has issued a judgment lien. Generally, a home is not a marital homeunless the husband and wife both hold title as a husband and wife.Generally, if the home is in a sole ownership then you can record a lien once you have prevailed in a lawsuit and the court has issued a judgment lien. Generally, a home is not a marital homeunless the husband and wife both hold title as a husband and wife.Generally, if the home is in a sole ownership then you can record a lien once you have prevailed in a lawsuit and the court has issued a judgment lien. Generally, a home is not a marital homeunless the husband and wife both hold title as a husband and wife.
A judgment granted by a court will appear on a credit report whether it has been excecuted or not. A few judgments have SOL's many can be renewed indefinitely.
I have a civil judgment against me and the mobile home wasn't in my name. It is showing up on my credit report. How do I dispute it?
They can take whatever the security for the loan was. For example, if you have an auto loan, they can repossess the auto. If you have a home loan, they can repossess the home. If the loan was a recourse loan and the value of whatever was repossessed was less than the amount still owed on the loan, they can get a deficiency judgment in a court of law. If the court grants a judgment, they can they take other assets.