A lien is a legal claim or hold on a property as collateral for a debt, which can be voluntary (like a mortgage) or involuntary (like a tax lien or mechanic's lien). A judgment, on the other hand, is a court order that says one party owes money to another. If you win a property at auction, whether you have to pay off a judgment or a lien before receiving the title depends on the type of auction and the status of these claims.
Foreclosure & Tax Deed Auctions /
Answered
What is the difference between a judgment and a lien?
What is the difference between a judgment and a lien? Does an auction winner have to pay off both of these before receiving the title?
1K Views
1
Answer
one year ago
one year ago
Foreclosure & Tax Deed Auctions
Similar posts
You Asked & We ALL Answered!
Most Popular Questions
- Mortgage Reporting on Title Search?
- Tax Deed vs Foreclosure Implications?
- Estimating the loan balance on a Reverse mortgage?
- Pre-Foreclosure Info...?
- Does suggestion of bankruptcy always stop a foreclosure sale??
Most Recent Questions
- How is this possible: 2nd mortgage is being sold 1 month after the 1st mortgage is sold?
- this question is belongs to b1?
- Looking for Attorney Recommendations in South Florida?
- testing question?
- Apartment on First floor unresolved leak?
Can you answer these questions?
- Looking for Attorney Recommendations in South Florida?
- PropertyOnion to incorporate working with probates??
- Apartment on First floor unresolved leak?
- Looking for creative buyers, seller finance in Marion County, FL?
- Will banks assign a mortgage in default??
-
177one month ago
-
145one day ago
-
10010 months ago
-
5111 months ago
-
30one year ago
-
3010 months ago
-
27one year ago
-
26one year ago
-
20one year ago
-
20one year ago