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

Scale drawing or diagram illustrating the proposed use of a land plat property. ...

Evaluation of the dimensions of a building to determine its ability to meet the needs of the occupants. ...

One of a series of inclined structural supports supporting a roof. ...

Wondering what For Rent By Owner (FRBO) means?It’s the more popular cousin of For Sale By Owner (FSBO). For Rent By Owner (FRBO) are really common; it’s the name we give to ...

A recorded plat defines a subdivision map that you have to file in the county recorder’s office. It will show the location and boundaries of your parcels of land. Knowing this, we can ...

Wood strip on the top of a baseboard. ...

Usually a fairly large site zoned and planned for the purpose of industrial development and located outside the main residential area of a city. Industrial parks normally are provided with ...

A forced sale or forced liquidation typically means an involuntary sale of valuables or property for financial reasons. If an unpredictable or uncontrollable event emerges, a seller must ...

Financing source for new real estate business or turnaround ventures that usually combine much risk with potential for high return. There are various stages of venture capital, such as ...

Popular Real Estate Questions