Commercial Collections Blog

Commercial Collection Agency Judgment

To create a judgment lien against real property, the judgment creditor typically obtains an Abstract of Judgment from the court that issued the judgment. The Abstract of Judgment lists information about the judgment creditor, the judgment debtor and the amount of the judgment. The judgment creditor then records the Abstract of Judgment with the county recorder in the county where the judgment debtor owns real property. Usually the judgment lien is then satisfied from the sale proceeds when the judgment debtor sells the real property. In the meantime, the judgment creditor has a lien against the property (which in effects secures the payment of the judgment) and the outstanding balance of the judgment increases due to the addition of statutory interest on the amount of the judgment that remains unsatisfied. Most of this concepts are part of commercial collection, if you need more information, please go to Collection Agency by City to find local help.

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