Legal Question in Credit and Debt Law in Pennsylvania
a judgement by default was entered against me. If my husband and I sell our home which is in both of our names can this affect the sell of our home?
Asked on 11/19/10, 9:31 am
1 Answer from Attorneys
No, it should not affect the sale provided that there is enough equity from the sale. The judgment acts as a lien. The creditor will take the equity proceeds from the sale. If there is not enough funds, this may be a problem - something will have to be worked out in such case or they will not release the lien.
Answered on 3/19/11, 11:02 am
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