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Real Estate Glossary

Abstract of judgment

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Richard Wilson
Written by Richard Wilson

This refers to a document that is used to place a lien on someone’s real property if they lose a lawsuit and cannot pay the judgment against them. It states the amount of money the losing side owes to the lawsuit winner, court costs, the rate of interests to be paid on the judgment amount, and other orders that the losing defendant must obey.

This refers to a document that is used to place a lien on someone’s real property if they lose a lawsuit and cannot pay the judgment against them. It states the amount of money the losing side owes to the lawsuit winner, court costs, the rate of interests to be paid on the judgment amount, and other orders that the losing defendant must obey.

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Richard Wilson

Richard Wilson

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