Basic understanding of a judgement lien

by Alan M. Cohen LLC Debt Collection Lawyer in Boston

A judgement lien is a type of security interest that a creditor can get against your property. When you owe money to other party and do not pay according to the agreed timeline or terms, the other party can take you to court to collect debt from you. And, if you do not pay heed to the legal procedures or do not respond to the court rules, the court will enter a judgement in favor of the individual for the amount of money you own, in addition to the interest.

A judgement lien can be connected to both real estate and personal property.  Real estate here refers to homes, buildings, and land. The personal property includes cars, jewelry, furniture and appliances. A judgement lien in MA against you can only entertain property that you lawfully own.  For example, if you have a land that is not titled in your name, this lien will not be attached to the home.  The process of filing it will vary from one state to another. If you are facing this lien, it is important you should take instant action to safeguard your financial firmness.  You should hire an attorney to help you know what your best choices are and how you should go about addressing this situation.

It is advised to seek the help of an attorney who has relevant experience in judgement lien, foreign judgment, debt collection and more. Make sure the attorney has worked with various clients like you and has helped them with successful outcomes

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About Alan M. Cohen LLC Innovator   Debt Collection Lawyer in Boston

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Joined APSense since, May 27th, 2017, From Boston, United States.

Created on Jul 2nd 2018 06:04. Viewed 315 times.


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