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How can a judgment be forced as a property lien?

In: Deeds and Ownership [Edit categories]

Answer:

Generally, the sheriff can sieze the property and sell it to pay the creditor the amount owed. Check your state laws.

If the creditor doesn't request a sale and chooses to suspend action then the creditor need only wait. The recorded lien will affect any future sale or mortgage of the property. During the time it remains unpaid interest is added at an alarming rate. In Massachusetts the rate is 12 percent. A buyer or bank will insist the creditor be paid before completing any transaction. A lien originally in the amount of $1,100 was recently satisfied at a closing in the final amount of $3,600.

First answer by Kluss. Last edit by Kluss. Contributor trust: 692 [recommend contributor ]. Question popularity: 2 [recommend question].

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