Legal Question in Real Estate Law in District of Columbia

Re: Confessed Judgement Note

A confessed judgment note is a promissory note which includes a provision allowing the holder to have judgmdent entered against the maker immedately, rather than having to sue first. The maker then has the right to move to vacate the judgment. You don't give up your right to a trial where there's an actual dispute, but it gives the creditor a big advantage.