ARE THERE ANY SUITS OR JUDGMENTS FILED AGAINST THE OWNER OF THE PROPERTY?

May
2013
15

posted by admin

If a person is sued and a judgment is rendered against that person, any real estate he or she owns may become security for the debt. This means that he or she cannot sell that real estate and deliver a clear title until the judgment is paid, released or otherwise satisfactorily disposed of. Further, other suits filed against the owner of real estate – even though not yet decided – may result in a cloud on the title and prevent the sale of the property.