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How do you sell property if there is a judgement against you?

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Icon Mini Profile mreyn952000





Joined: 01 Jul 2009

Posts: 4

2.01 Dollars($)
Post Posted: Wed Jul 01, 2009 11:06 am    Post subject: How do you sell property if there is a judgement against you
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If you have a judgement against you but not your property, how can you sell the property? The title company will not issue a title policy for it. Can someone purchase it without the title policy?Can they pay cash for it? Will a bank loan on it without a title policy?
Icon Mini Profile smithsussane
smith.sussane




Joined: 18 Sep 2008

Posts: 10030
Location: Alaska
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Post Posted: Wed Jul 01, 2009 8:24 pm    Post subject:
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Hi mreyn!

Welcome to forums!

Logically speaking, no one would purchase the property without a title policy. Moreover, a bank will never give loan to buyer if the property does not have a title policy. You'll have to remove the judgment and then sell off the property.

Feel free to ask if you've further queries.

Sussane
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