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Judgments – which are official decisions that have been rendered by a Court – cover a wide variety of issues that can impact real estate.
Quiet Title Judgment
When two parties have conflicting claims to land or property, a quiet title judgment determines the rights of the conflicting claims and who legally owns the property. Designed to clarify ownership or title of a property, a quiet title judgment “quiets” or removes an objection or claim to a title for a property. Quiet title judgments are often used for disputes with mortgage lenders, when an owner dies, and for adverse possession of a property.
Money Judgment
A money judgment is an order from the Court that a creditor (or other plaintiff) has won a lawsuit and is entitled to collect a certain amount of money. Once a creditor has a money judgment in hand, the creditor can attempt to collect the money, including through the use of a judgment lien.
Judgment Lien
Creditors often use judgment liens as a method of collecting money owed to them. A judgment lien gives a creditor the right to take possession of a debtor’s property. In most states, creditors need to record judgment liens with the county or state, and they’re attached to the property without the owner’s consent. If a debtor doesn’t have property at the time of the judgment, the judgment lien can still be attached to future acquisitions (as long as the judgment lien hasn’t expired).
Eviction Judgment / Judgment For Possession
When a property owner wins an eviction case, the court orders an “eviction judgment.” An eviction judgment, also known as a judgment for possession, orders a person in possession of land or property to vacate the premises. Eviction judgments can be issued for commercial and residential properties.
At Timely Contract, we have local real estate attorneys who have experience throughout Idaho, including: Boise, Post Falls, Coeur d’Alene, Lewiston, Moscow, and Sandpoint.
We also have local real estate attorneys who have experience throughout Montana, including: Missoula, Billings, Bozeman, and Kalispell.