Do Judgments accrue interest?

The answer is yes.... Just about every state allows the Judgment to collect interest on unpaid monetary Judgments. The interest rates varies state by state, as well as the calculation or new rates and accrue from the date that the Judgment is entered. So if you have a Judgment that has not been satisfies, it's worth more now, than we the Judgment was entered. If you are not able to enforce and collect on your Judgment, consider consulting with a...

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Beware of Deficiency Judgments

  If you have had a property in foreclosure the lender repossesses your property, the value of the property may not pay off the loan. For example, you might owe $200,000 on your mortgage, but it bank only sells for $150,000. You're $50,000 short, that you still owe the bank, do you have that 50k to pay.. Guessing the answer is no, since you were not able to pay for your home in the first place. The lender will want full amount paid back, if...

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Controversial Florida Case Blocks Creditor from Enforcing Judgment Against Foreign Assets

Source: http://www.bipc.com/ A recent opinion from Florida's Fourth District Court of Appeal held that a Florida court does not have jurisdiction to compel a judgment debtor to turn over stock certificates located outside the state of Florida to satisfy a judgment. Sargeant v. Al-Saleh, 137 So. 3d 432 (Fla. Dist. Ct. App. 2014). While this opinion has been heavily criticized by many in the legal community, the case should serve as a warning to creditors seeking to enforce judgments against debtors in Florida. In this case, the creditor...

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