Legal Question in Real Estate Law in Nevada

Purchase of real estate with judgment attached

We want to purchase a commercial building that is part of a living trust. The individuals (individually and as trustees of the living trust) who own the building have a judgment against them which shows up on the building title search. The judgment is for substantially more than the building is worth. Can we purchase this building? If so, what happens to the judgment?


Asked on 9/09/04, 3:09 pm

1 Answer from Attorneys
Joel Selik www.SelikLaw.com

Re: Purchase of real estate with judgment attached

You can purchase the building but escrow should pay off the judgment.

JOEL SELIK

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Answered on 9/09/04, 4:23 pm


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