{"id":895,"count":1,"description":"\r\n\r\nJump to: \r\nWhat is judgement?<\/a>\r\nWhat is a judgement in real estate?<\/a>\r\nWhat is a release of judgement?<\/a>\r\n\r\nWhat is judgement?\r\n\r\nA Judgement is broadly defined as a formal decision made and issued by a court of law, a decision which relates to specific claims and dictates rights or duties of the parties involved in the suit, in order to resolve the claims in question. The subject of the lien (what the lien is placed on or issued against) can be an individual or a business.\r\n\r\n\r\n\r\n\r\nWhat is a judgement in real estate?\r\n\r\nIn real estate, a judgement is most often associated with a lien (Judgement Lien) and it gives the creditor rights to take possession of a debtor\u2019s fully- or partially-owned real property and use it to obtain whatever the debtor has failed to pay or provide.\r\nFor example: a debtor fails to pay the creditor. The creditor then files suit against the debtor. If the court finds that the debtor\u2019s claim is valid, the court may order a judgement lien. If the subject of the claim was a loan taken out against a property, the judgement lien gives the creditor the right to seize the debtor\u2019s property and sell it, in order to recuperate what the debtor owes on that loan.\r\n\r\n\r\n\r\n\r\nWhat is a release of judgement?\r\n\r\nThe court does not collect the debt on behalf of the creditor, but usually grants a limited amount of time in which the debtor may resolve the suit without loss of property (Judgement Expiration).\r\nIf the debtor manages to pay what is owed before the judgement expires, it is possible to obtain a satisfaction and release of judgement document that confirms it, from the creditor. This document usually closes the case against the debtor and clears any encumbered possessions of liens.\r\n\r\n\r\n\r\n\r\n\r\nYou might also be interested in:\r\n\r\nWhat is a triple net lease?<\/a>\r\nWhat is a violation?<\/a>\r\nWhat is a Zone?<\/a>\r\n\r\n\r\n\r\n\r\n\r\n\r\nSearch other terms\r\n\r\n\r\nA<\/a>\r\nB<\/a>\r\nC<\/a>\r\nD<\/a>\r\n\r\n\r\nE<\/a>\r\nF<\/a>\r\nG<\/a>\r\nH<\/a>\r\n\r\n\r\nI<\/a>\r\nJ<\/a>\r\nK<\/a>\r\nL<\/a>\r\n\r\n\r\nM<\/a>\r\nN<\/a>\r\nO<\/a>\r\nP<\/a>\r\n\r\n\r\nQ<\/a>\r\nR<\/a>\r\nS<\/a>\r\nT<\/a>\r\n\r\n\r\nU<\/a>\r\nV<\/a>\r\nW<\/a>\r\nX<\/a>\r\n\r\n\r\nY<\/a>\r\nZ<\/a>\r\n\r\n\r\n\r\n\r\n\r\nPopular terms\r\n\r\n\r\n\r\n\r\nAmortization<\/a>\r\n\r\n\r\nEquity <\/a>\r\n\r\n\r\nNotary Public <\/a>\r\n\r\n\r\nProgression\/Regression<\/a>\r\n\r\n\r\nAcquisition <\/a>\r\n\r\n\r\nAnnuity <\/a>\r\n\r\n\r\nAsset <\/a>\r\n \r\n \r\n Fiduciary <\/a>\r\n\r\n \r\n Inflation <\/a>\r\n\r\n \r\n Contingency <\/a>\r\n\r\n \r\n Escrow<\/a>\r\n\r\n \r\n Power of attorney <\/a>\r\n\r\n \r\n Real Estate Agent <\/a>\r\n\r\n \r\n Eminent Domain <\/a>\r\n\r\n \r\n Liability <\/a>\r\n\r\n \r\n Statute of Limitations<\/a>\r\n\r\n \r\n Valid <\/a>\r\n\r\n \r\n Variance<\/a>\r\n\r\n \r\n Contiguous <\/a>\r\n\r\n \r\n Deficit<\/a>\r\n\r\n\r\n\r\n\r\n","link":"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-judgement\/","name":"Judgement","slug":"cre-term-judgement","taxonomy":"post_tag","meta":[],"yoast_head":"\nWhat is Judgement? - Commercial Real Estate Dictionary<\/title>\n<meta name=\"description\" content=\"In real estate, a judgement is most often associated with a lien (Judgement Lien) and it gives the creditor rights to take possession of a debtor\u2019s fully- or partially-owned real property and use it to obtain whatever the debtor has failed to pay or provide.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Judgement Archives\" \/>\n<meta property=\"og:description\" content=\"In real estate, a judgement is most often associated with a lien (Judgement Lien) and it gives the creditor rights to take possession of a debtor\u2019s fully- or partially-owned real property and use it to obtain whatever the debtor has failed to pay or provide.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-judgement\/\" \/>\n<meta property=\"og:site_name\" content=\"CommercialCafe\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"CollectionPage\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-judgement\/\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-judgement\/\",\"name\":\"What is Judgement? 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