QUESTION
I have a judgement lien on someone''s house for non pymt of a promissary note. The house is currently in foreclosure
Asked on Aug 13th, 2012 on Civil Litigation - Ohio
More details to this question:
We just got the motion and judgment entry. We are going to agree with the Judgment Entry and the court will move forward with a sale of the property. Typically, how long does this sort of thing take and will I recieve my money, once the house is sold?
1 ANSWER
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Whether or not you receive any money from the proceeds of the sale depends on how many liens are ahead of you, the value of these senior liens, and the amount of proceeds generated from the sale. The senior liens get paid off first which may or may not leave anything left over for you.
Simon W. Johnson
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Law Office of Simon W. Johnson
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Answered on Aug 15th, 2012 at 10:19 PM