Abstract of Judgment is a written summary of a public record document, which states the amount of money the losing party owes to the person who won the lawsuit. It also includes the rate of interest to be paid on the judgment amount, court costs, and any other specific court orders. Although, issuance procedures and contents of abstract of judgment may vary by statutes; generally abstract of judgment can be used to create a lien on any real estate owned by the losing party in the county in which the abstract of judgment is recorded. Issuance. If the loser does not pay the judgment voluntarily; the sheriff, subject to certain procedural safeguards, may be able to sell the property in order to pay the judgment.
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