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What happens to a judgment balance in a real estate short sale in New York state. If there is no equity in the sale will the judgment be released?
Wiki User
∙ 14y ago
In any state, Judgements are usually filed with a court. In order for the Judgement to be released, someone -- preferably the party that filed the Judgement -- must be satisfied before the Judgement is released.
Your question is unclear about who filed the Judgement.
If there is no equity in the sale, it's unreasonable to expect that the Judgement would be released automatically.
Wiki User
∙ 14y ago
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