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one more question

Posted by Don Paris on June 21, 2010 at 9:42 PM

In Reply to: Furthermore, you should be named as the judgment creditor ... posted by Ward-CA- on June 19, 2010 at 7:26 AM

Hi Ward,

Thank you for the answers! I have one more question. The reason that the ex-owner can't buy a house in the future without paying me is because AJ will show up in his credit report? or because lenders will check AJ in his local county file? In order words, how does lender know that there is an AJ against the borrower?

Thank you!

DOn

: Don,

: I'd suggest you tell your attorney you want to be named as the judgment creditor on the recorded abstract of judgment and have it refer to your contact information too. That way any payoff inquiries will be made directly to you without any further collection fees being charged by your attorney whenever the judgment is ever paid off.

: And if the recorded abstract of judgment isn't paid by the ninth year then it's a simple step to renew it at the court clerk's office and record the renewal for another 10 years.

: ----------Ward

: ================

:
: : After the eviction, we got a judgment for ex-owner's holdover rental about $4,000. Our attorney said he can record an Abstract Judgment for us for a fee. Does it worth to do it? In other way, is there a chance or situations in the future that we will be paid?

: : Thanks in advacne!

: : Don



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