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Re: There's a great difference between a judgment and an AJIn Reply to: There's a great difference between a judgment and an AJ posted by Ward-CA- on October 30, 2003 at 1:11 PM : : : So by avoiding the payment of the AJ the judgment debtor couldn't buy, refinance or resell his real property without paying off the judgment, which incurs annual interest of 10%. : : : Perhaps you'd now agree that buying judgments owed by property owners is fairly fool-proof, right? : : ================ : ================== : Phil, : Wow, I've told you the factor that makes the difference. : An abstract of judgment that's secured by real property is the difference. : Credit card debt isn't secured by anything unless the creditor processes the debt to a recorded AJ and the debtor owns real property that the AJ can automatically attach to. : Does this clear it up for you? _______________ Ward, Follow Ups:
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