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Will a judgment on your credit report stop you from selling your property?
Wiki User
∙ 12y ago
If a judgment has been granted that would signify that a lien has been placed upon your property.Therefore, the property cannot be sold until the debt has been paid in full.Or the court can order the property to be sold.If that did not happen in the original judgment grant it is unlikely that the judgment can be modified to allow it.If it is on your credit report, that is irrelevant,(for the time being). Because you are under a order by the court that your property cannot be sold or transferred.
AnswerJudgements granted in small claims court can not be levied against personal HOMESTEADED property in certain states. TERXAS is one of those states. If your property is your personal home, and has been "homesteaded" at the local property tax office; (a simple procedure) the judgment can not keep you from selling your home, nor can it be forced and collected at the sale of your home. That would be a "slander of title" in Texas and in many other states that forbid attachments of such kind to be placed on your home. The person with the judgment would ave to take other avenues to collect, such as a "writ of execution".Wiki User
∙ 12y ago
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What is the difference between a judgment and a lien on your credit report?
A judgment on your credit report conveys the decision of a court concerning a lawsuit. Amounts owed to the creditor are described in the judgment. A lien on a credit report expresses the legal right of one party to keep possession of property belonging to another party.
Does eviction affect your credit negatively?
An eviction lawsuit is public record and a judgment evicting you from a rental property will be a negative entry on your credit report.
What is an outstanding judgment on a credit report?
An outstanding judgment is a court order that gives a creditor the legal right to collect from a debtor. As court judgments are a matter of public record, a creditor can report the judgment on the debtor's credit reports. An example of a judgment placed on a credit report would be a judgment for eviction. This judgment will remain on the credit report for seven years from the filing date.
How do you get a judgment put on someone's credit report?
To have a judgment placed on someone's credit report, you need to first obtain a court judgment against them for a debt owed. You can then request that the credit bureaus add the judgment to the individual's credit report. The credit bureaus will typically verify the information with the court before including it on the report.
Will a judgment be removed from a credit report if it is paid?
No. It will show that you had a judgment on your credit report for up to seven years, but it will show a zero balance.
If your spouse has a judgment against them can it also be filed in the other spouse's credit report?
If the judgment names only one spouse as the judgment debtor it will not be entered on the non judgment spouse's credit report.
Does a judgment appear on the judgment debtor's credit report?
Generally, yes
How do I find out about a judgment on my credit report?
you sould go to a local bank and ask for a credit report
How long does a satisfied judgment stay on your credit report WA?
A satisfied judgment can stay on your credit report in Washington for up to seven years from the date it was filed. However, its impact on your credit score diminishes over time as you build a more positive credit history.
How does the winning plaintiff have a judgment entered on the defendant's credit report?
The winning plaintiff can request a judgment be entered on the defendant's credit report by filing a copy of the judgment with the credit bureaus. This can negatively impact the defendant's credit score and make it difficult for them to obtain credit or loans in the future. Judgments typically stay on a credit report for a certain number of years, depending on the jurisdiction.
Will filing a bankruptcy remove a judgment on credit report?
Yes, if it is not a perfected lien against real property and the debt was discharged in the bankruptcy.
What does it mean if a credit card company enters a judgment on you?
It means that you have that on your credit report for 8 years and that they have the right to collect the judgment from you.
