Legal Question in Construction Law in California
Abstract of Judgement
After a abstract of Judgement is received, do they charge you interest until paid. In California what would it be?
Asked on 3/25/06, 1:50 pm
2 Answers from Attorneys
Re: Abstract of Judgement
Usually, interest is charged not from the date you receive the abstract, but from the date the judgment is entered until paid in full.
Answered on 3/25/06, 1:56 pm
Carl Starrett
Law Offices of Carl H. Starrett II
Re: Abstract of Judgement
Interest accrues form the date of entry of judgment at the rate of 10% per year. Accrual of interest has nothing to do with the abstract of judgment. The abstract creates a lien on any real property that the judgment debtor in the county where the abstract is recorded.
Answered on 3/25/06, 2:51 pm
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