Judgment Lien

Definition of "Judgment lien"

Renee Joseph
Renee Joseph Coldwell Banker Residential Brokerage

Court order in which the (judgment) creditor is granted a lien against the property of the (judgment) debtor for the nonpayment of the amount due. Furthermore, this action extends the claim's life as far as the statute of limitations is concerned.

Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ