If you would like to use a knowledgeable title company conveniently located in the Heights, please give us a call.įidelity National Title, 1512 Heights Blvd., Houston, TX 77008 (713) 529-8800. A properly recorded and indexed abstract of judgment creates a lien on the defendant’s nonexempt real property. This filing provides details about the judgment and about the debtor so that it can be properly indexed. In the event that you cannot pay your debt on time, your creditors can use judgments to try to collect your personal property or garnish your wages to satisfy the debt. a copy of the order or judgment must be furnished. An abstract of judgment is a document that is filed in the property records of a county. A judgment is a court order indicating that you owe a balance to your creditors. of judgment, writ of execution or order of sale only. The abstract of judgment informs the county in which you have filed it that there is a judgment against the debtor and it creates a judgment lien on the. Execution of a Judgment will divest the debtor, and any subsequent owners, of title to the property – subject to any liens that predate the Abstract of Judgment. complete this form when requesting the issuance of an abstract. Fairfax County Circuit Court is on the 3rd floor of the Fairfax County Courthouse. Thus, if the debtor tries to sell or refinance real property she currently owns and you have obtained an Abstract of Judgment against her, she will be forced to pay the money she owes you with interest before. To do this, you obtain a certified copy of your judgment (called an 'abstract') from the General District Court and take it to the Circuit Court for the county where the real property is located. The creditor holding an Abstract of Judgment can request that the court allow the Judgment to be Executed, a process by which the property is sold at an auction to the highest bidder. An Abstract of Judgment is a judgment lien against real property that the debtor currently owns, or may try to purchase in the future. Abstracts of Judgment attach, or become liens against, any non-homestead property that is owned by the debtor and must be paid at the time the non-homestead property is sold or conveyed. ![]() ![]() The Abstract of Judgment will list the cause number for the lawsuit, the names of the parties to the lawsuit, the creditor (winning party) and debtor (losing party) and amount that is owed to the creditor by the debtor. An Abstract of Judgment is a short statement of the result of a lawsuit that is filed in the Real Property Records to give notice to the public that an individual or entity owes money to another as a result of the lawsuit.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |