Can you sell your house with a Judgement against you?
A creditor with a judgement against you can legally force you to sell your house.
They can turn the equity into cash.
Then, they can use part or all of it to satisfy your debt.
California has an automatic homestead exemption on a portion of the equity with every home purchase..
Can a Judgement be paid at closing?
Pay Liens and Judgments Credit cards are typical unsecured debt and aren’t normally subject to settlement when a property sells. However, if an unsecured creditor obtains a judgment against you, a lien on your property’s title could result and that payment comes out of your proceeds at closing.
What happens if you have a judgment against you?
A judgment is a court order that is the decision in a lawsuit. If a judgment is entered against you, a debt collector will have stronger tools, like garnishment, to collect the debt. … In debt collection lawsuits, the judge may award the creditor or debt collector a judgment against you.
How do I get a Judgement lien removed from my house?
There are several ways to remove a lien from your property, including:Paying off the debt. If you pay off the underlying debt, the creditor will agree to release the judgment lien. … Asking the court to remove the judgment lien. … Filing for bankruptcy.
What happens if I can’t pay a Judgement?
The court will not collect the money for your creditor (the person you owe money to), but if you do not pay voluntarily, the creditor can use different enforcement tools to get you to pay the judgment. You have 30 days after entry of the original judgment before you have to pay the creditor.
Can you negotiate after a Judgement?
Even after a judgment is entered against you, it is still possible to settle a debt for less than the court-approved amount. … However, you may be able to negotiate a discount to the debt, in return for a lump sum payment.