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Refinance and Mortgage Encyclopedia - judgment
JudgmentA court's final determination of the rights and obligations of the partiesThose entities taking part in a transaction as a principal, e.g., seller, buyer, or lender in a real estate transaction. in a case. JudgmentA decision made by a court of law. In judgments that require the repaymentA loan is borrowed money that must be repaid. You have a choice of repayment plans if you received a of a debtThat which is due from one person or another; obligation, liability., the court may place a lienWhen a borrower fails to satisfy a debt, the lender may claim ownership of tangible property the borrower against the debtorThe person or entity that borrows money. The term debtor may be used interchangeably with the term borrower.'s real propertyThe type of property ascribed to real estate investments, such as houses, land, buildings, retail stores, malls, etc. as collateralSomething pledged as security for a debt. for the judgment's creditorThe lending institution providing a loan or credit.. JudgmentA legal decision; when requiring debtThat which is due from one person or another; obligation, liability. repaymentA loan is borrowed money that must be repaid. You have a choice of repayment plans if you received a, a judgment may include a propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself. lienWhen a borrower fails to satisfy a debt, the lender may claim ownership of tangible property the borrower that secures the creditorThe lending institution providing a loan or credit.'s claimNotice to an insurer that under the terms of a policy, a loss maybe covered. by providing a collateralSomething pledged as security for a debt. source. JudgmentThe decision of a court of law. Money judgments, when recorded, become a lienWhen a borrower fails to satisfy a debt, the lender may claim ownership of tangible property the borrower on real propertyThe type of property ascribed to real estate investments, such as houses, land, buildings, retail stores, malls, etc. of the defendantParty who is defending or denying in a legal action.. JudgmentThe final determination of a court of competentLegally qualified. jurisdictionThe authority to legislate within a geographically defined area; authority to enact general municipal of a matter presented to it; money judgments provide for the paymentPeriodic (usually monthly) installments paid to a lender to be applied toward repaying your loan. Payments of claims presented to the court, or are awarded as damagesThe indemnity recoverable by a person who has sustained an injury, either in his or her person, property,, etc. JudgmentThe final determination of the rights and liabilitiesYour debts and other monetary obligations. of the partiesThose entities taking part in a transaction as a principal, e.g., seller, buyer, or lender in a real estate transaction. in an action, as decreed by a court.
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