Definition of "Judgment"

Josh Dunn real estate agent

Written by

Josh Dunnelite badge icon

RE/MAX America's Top Realty

  1. A judicial ruling in which the rights and claims of the parties have been considered.
  2. A final ruling on some aspect formed after all the facts have been taken into account.
  3. In Real Estate, a court order placing a financial indebtedness on another to pay for a claim. For example. John does not meet his rental obligations to Brian. The court issues a judgment against John brought by Brian.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

Generally, a legal notice implies a method of official notification to an individual, organization, company, or the public that a particular event is about to occur. We can call a ...

federal tax on gifts made and estate proceeds. ...

Roof having less than a 10 degree slant. ...

Payment made instead of taxes, For example, a tax-exempt institution, such as a state government complex of buildings, may make an offsetting in lieu of tax contributory payment to the ...

The term assessed value is used to define the dollar value of a property for the applicable taxes. The evaluator, a tax assessor, determines the property’s assessed value for tax ...

The restitution of a property insurance policy that has lapsed due to nonpayment of premiums. ...

Geographic location that is gradually being developed as an urban area. ...

Misuse, alteration, destruction, or neglect of land by an individual right-fully in possession that breeds a significant and permanent reduction of its value to the legal interest owned by ...

A deed in which two or more people in an indenture agreement have reciprocity and obligations toward each other. ...

Popular Real Estate Questions