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Gregory Bentley
  • Ault, CO
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Personal Judgement listed on O&E

Gregory Bentley
  • Ault, CO
Posted Oct 19 2016, 07:07

We are looking at a property that will be on an upcoming auction and ordered and O&E report. When we got it back we noticed that it has a judgement lien that in which the defendant is not a listed party on the loan but the house is listed as collateral on the court document. The house has a $300,000+ ARV and the opening bid is $95,000, the judgement is $150,000. My question is, will that be a redeemable lien or will it follow the defendant in the case? If the awarded does not redeem in 10 days would it fall off or is this a special circumstance? Thanks in advance!

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