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The Complete Idiot's Guide® To Lawsuits by Victoria E. Green

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Liens

Sometimes, rather than money, a judgment debtor will have items that are worth money, like cars, boats, land, and so on. In that case, you can ask the court for a judgment lien “against” the property. This is sort of like having a mortgage on the property, because you now have the same kind of right to foreclose and force a sale as someone who holds a mortgage and doesn’t get paid. If the item isn’t land, but some other kind of personal property, you can get an order for the item to be seized to pay off the debt. You might choose to auction the item, for example at a sheriff’s sale, or you might choose to retain it yourself as payment. It’s up to you as the creditor. Judgment creditors have ended up with RVs, fancy cars, and jewelry instead ...

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