What Is an Abstract of Judgment?
An abstract of judgment is a summary of the outcome of a court case which provides basic information about the case, including who won and any damages which the loser must pay. This document is used to create a public record which will make information about the case readily available. In addition, it can be used as an enforcement tool in the event that someone needs to file a lien or a claim against a debtor who is not complying with the court judgment. If, for example, a creditor sues a debtor in court and wins, the court will issue a judgment mandating that the debtor pay. The judgment may also include an award of interest, fees, and other damages which must be paid by the debtor. In the abstract of judgment, the terms of the judgment are spelled out, along with the identities of the parties in the case, and the document becomes part of the public record.
- What happens when the escrow company or title company discovers a judgment lien or abstract recorded against an obligor who is buying, selling or refinancing a piece of real property?
- When the escrow company discovers the support lien or abstract of judgment recorded by DCSS, whom do they contact and what information do they need to request a "demand"?
- How Do You Handle An Abstract Of Judgment?