Legal Question in Credit and Debt Law in California

Abstract Judgement

hows does abstract judgement work when the person and their company it is against property goes into foreclosure?


Asked on 2/09/09, 3:12 pm

1 Answer from Attorneys
Michael Stone Law Offices of Michael B. Stone Toll Free 1-855-USE-MIKE

Re: Abstract Judgement

If the foreclosure sale is for more than the amount of the mortgage, junior lienholders such as judgment creditors would be paid; but this never happens.

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Answered on 2/09/09, 7:08 pm


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