Judgment Proof

 

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Judgment Proof

One against whom a judgment creditor cannot collect (no assets). If one can show he was defrauded by a "judgment proof" real estate licensee, he may recover from the state fund in states having such a fund,



Judgment Proof

Similar Matches

Abstract Of Judgment

Abstract Of Judgment

A summary of the essential provisions of a court judgment, which when recorded in the county recorder's office, creates a lien upon the property of the defendant in that county, both presently owned or after acquired.


Judgment (judgement)

Judgment (judgement)

The decision of a court of law. Money judgments, when recorded, become a lien on real property of the defendant.


Deficiency Judgment

Deficiency Judgment

Commonly the amount for which the borrower is personally liable on a note and mortgage if the foreclosure sale does not bring enough to cover the debt. Actually the judgment is for the total amount and not for the deficiency, the recovery from the foreclosure sale being deducted from this amount.


Judgment Lien

Judgment Lien

A lien against the property of a judgment debtor. An involuntary lien.




 
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