There can be some complications that arise around owning real estate property. When it comes to owing a debt, your real estate property can become part of that debt. There is something known as a lien and having one on your home is definitely not ideal.
A judgment lien on real property can feel like the end of the world. After all, it means that a creditor won a lawsuit against you and now has a claim to the property. But instead of panicking, contact Mayflower Judgments today.
Judgment Liens
When someone wins a judgment lien on real property, they then have a claim to that property. There is usually a contractual obligation between the two parties where the owner of the home makes payments to the creditor.
Should that contractual obligation not be fulfilled, the creditor would then be able to take ownership of the property. Liens can be issued against real estate, vehicles, and even personal property depending on the circumstances.
There Is a Better Way
Thankfully, there is a better way of handling a lien on the home. With the right settlement company, you can not only get out from underneath that lien property but get cash in hand as well. Dealing with a professional service means getting fast, competent, fair compensation for your home and getting you away from having to deal with those creditors for any longer. It can be the best-case scenario in situations like these. For more information visit us.
