When duly recorded in the county where the real property of the defendant is located, a judgment becomes a

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02-07-2021
Law

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When duly recorded in the county where the real property of the defendant is located, a judgment becomes a

Sagot :

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Lanuel Lanuel · Answer 1 · 2021-07-07T22:12:21-04:00

Answer:

involuntary lien.

Explanation:

Lien is a term which describes the right of a lender to sell collateral to get back the principal if the borrower cannot repay the loan. In order to be able to determine whether a borrower would default on the repayment of a loan, lenders usually check the credit score of the borrower.

An involuntary lien can be defined as a claim made by a third party against the property owned by another without the person's consent or agreement, especially to secure money owed to the third party by the property owner.

Generally, a judgment by a court of competent jurisdiction is an involuntary lien.

This ultimately implies that, when duly recorded in the county where the real property of the property owner (defendant) is located, a judgment granted by a court of competent jurisdiction becomes an involuntary lien.

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