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An abstract of judgment is a document produced by a court that describes the judgment rendered in a case. If you own real property it can be recorded in the land records and will become a lien against your property. You cannot sell or mortgage the property until the judgment lien is paid. Interest will accrue at a statutory rate until then. If the creditor can locate any bank or investment accounts that you own the judgment can be served on the institutions and your accounts will be frozen until the judgment is paid. A sheriff could sieze any personal property you own such as a boat or motor vehicle.

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