abstract of judgment definition
Legal definition for ABSTRACT OF JUDGMENT: This refers to a document, the summary of a judgment by a court which states (i) the amount of money owed by a defendant to a prevailing plaintiff, (ii) the rate of interest ABSTRACT In legal parlance, this refers to a record or document that summarizes the proceedings or…. OPENING A JUDGMENT The act of the court by which a judgment is so far annulled that it…. GARNISHMENT After a debtor loses a lawsuit against a creditor, the court may order that property…. Related Legal Terms & Definitions. 1  ABSTRACT In legal parlance, this refers to a record or document that summarizes the proceedings or…. 2  OPENING A JUDGMENT The act of the court by which a judgment is so far annulled that it…. 3  GARNISHMENT After a debtor loses a lawsuit against a creditor, the court may order that property…. ABSTRACT In legal parlance, this refers to a record or document that summarizes the proceedings or… OPENING A JUDGMENT The act of the court by which a judgment is so far annulled that it… GARNISHMENT After a debtor loses a lawsuit against a creditor, the court may order that property… The abstract of judgment is stamped by the court and may be officially recorded by filing the abstract with the appropriate governmental body or entity (most common is a county clerk.) By obtaining an abstract of judgment, a prevailing plaintiff creates a public record and which may also create a lien, allowing the plaintiff to make claims on ... Obtaining the abstract judgment, however, is simply the first step to debt collection. To actually place a lien on the judgment debtor’s real property, the plaintiff must file the abstract of judgment in the county record’s office where the debtor’s property is physically located, thus creating a public record of the judgment. Abstract of Judgment Definition - An abstract of judgment is the written summary of judgment awarded after a plaintiff wins their civil lawsuit... Abstract of Judgment Definition - An abstract of judgment is the written summary of judgment awarded after a plaintiff wins their civil lawsuit... An abstract of judgment is the written summary of judgment awarded after a plaintiff wins their civil lawsuit against a defendant. The abstract of judgment outlines the amount of money which must be paid to the plaintiff, the payment of the court costs, the interest to be paid, and other specific orders. abstract of judgment TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed. This refers to a document, the summary of a judgment by a court which states (i) the amount of money owed by a defendant to a prevailing plaintiff, (ii) the rate of interest which is payable on the judgment amount, (iii) the court costs, (iv) any additional orders of the court to which the defendant must abide. After the abstract of judgment is filed in the county where the real property is owned, the filing creates a lien on the property. The lien remains on the property until the property is sold, at which time the judgment must be paid to legally transfer the title of the property to the new property owner.
The abstract of judgment is stamped by the court and may be officially recorded by filing the abstract with the appropriate.