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Judgment lien. This lien is placed on your property if you lose a lawsuit and can’t pay the settlement. Judgment liens can be placed on anything you own, including a home, vehicle or furniture.
judgment lien—a lien imposed on a judgment debtor's non-exempt property. judicial lien—a lien obtained by judgment, levy, sequestration, or other legal or equitable process or proceeding. junior lien—a lien that is junior or subordinate to another lien on the same property. landlord's lien—a lien that empowers a landlord to seize a ...
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Also included are the dates the instruments are recorded. Many, if not most, such systems keep separate indexes for deeds and mortgages. There are also systems for indexing judgment liens in which the judgment debtor and the judgment creditor are listed in the same way as grantors and grantees, respectively. Tract indices.
There are several problems: 1) to find the county where the loser owns real estate property; 2) the probability that there are secured loans, tax liens and/or other judgments that have priority over the judgment lien; 3) the possibility that the loser/debtor may go bankrupt and avoid paying the debt. [2] [3]
A full coverage search is usually done when creating a title report for sale/resale transactions and for transaction that involves construction loans. It generally includes searches related to property lien, easements, covenants, conditions and restrictions(CC&Rs), agreements, resolutions and ordinances that will affect the real property in question.
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