Sale of Lien to Collect Judgement
Dear Attorney's of LawGuru,
I've obtained a lien on my debtor's home to collect judgement.
I was wondering if I could sale my lien on the home to a realty investor to collet my judgement?
This may sound wrong to some but, is it legal?
Do I need to file a writ of execution before I can sale my judgement or would this be the responsibility of the purchaser?
Thanks for advice, Fay
Asked on 3/02/06, 3:42 pm
1 Answer from Attorneys
Robert Sher
Wagshal and Sher
Re: Sale of Lien to Collect Judgement
Yes, judgments can be assigned and there are companies and people who are in business to buy claims and judgments from creditors--at a deeply discounted price, of course.
Answered on 3/02/06, 4:56 pm
