Legal Question in Credit and Debt Law in Pennsylvania
Judgment Per Debt
Can a creditor take a consumer's real property i.e. home as payment on a judgment against consumer regarding unsecured debt owed?
Asked on 4/08/08, 4:10 pm
1 Answer from Attorneys
Carl Starrett
Law Offices of Carl H. Starrett II
Re: Judgment Per Debt
A judgment creditor can place a lien on any real property owned by the judgment debtor. A judgment creditor can also force the sale of any real property if there is sufficient equity to justify the sale. There are special protections if the creditor tries to force a sale of the debtor's home.
If the debtor wants to offer the property as full payment of the judgment, that can be negotiated if all the parties are interested.
Answered on 4/08/08, 4:30 pm
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