As Los Angeles based real estate attorneys one of the necessary aspects of any case we file is determining whether or not it is collectible. After all, it is one thing to get a judgment (which is just a piece of paper) while it is another thing to actually collect on the judgment. So, for all of the disputes we handle, we put an emphasis at the start of the case on the ability to collect on a judgment. Some of the things that we do is to do an asset search for both real and personal property. If there are collectible assets then during the case we can even consider filing for a writ of attachment (available in certain types of cases) to put a lien on the assets pre-judgment to make sure that the assets are still there post-judgment.
We also utilize our experience with real property matters to put liens on real property. Perhaps the easiest lien to put on real property post-judgment is an abstract of judgment. The abstract of judgment then becomes the first step to a potential foreclosure on the property (execution on the judgment lien) via a sheriff’s sale. We find, where there is sufficient equity in the property, that a post-judgment sheriff’s sale is an effective way to collect on the judgment through a sale or through the serious pressure that we place on the debtor through the threat of losing a home or business. The post-judgment lien or abstract of judgment can be placed on a judgment debtor’s real property regardless of whether the underlying dispute involved that property.
For more information with judgment collection in Southern California, contact us at 310-954-1877, firstname.lastname@example.org, www.schorr-law.com.