Legal Question in Real Estate Law in California

paying off a lein

I am refinancing my house and paying off all oustanding past debts ect There is a lein on my house for a judgement for 5498.00 When I called to settle the attorney stated that I would have to pay 7341.00 I questioned this as I have no paperwork stateing I had to pay interest he said there was not a box to check on the judgement paper but 10percent was standard and then he told me to call the court house All they could tell me was ''they heard sometimes that was the case '' I He refuses to send me any info In the meantime I only have tell Tues morning Please Help Thankyou So Much


Asked on 10/14/05, 4:26 pm

1 Answer from Attorneys
Carl Starrett Law Offices of Carl H. Starrett II

Re: paying off a lein

The attorney is correct on the interest rate and it is in the law and need not be reflected on the judgment. Judgments in California accrue interest at the rate of 10% per year. In your case, the interest on the judgment is $549.80 per year or about $1.51 per day.

The figure the attorney quoted you sounds like they are claiming about 3 years and 4 months worth of interest. If the judgment is about that old, then it sounds like they are pretty close to an accurate interest calculation.

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Answered on 10/14/05, 4:36 pm


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