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How is a judgment lien created through the confession of judgment in real estate?

User Fbmd
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Final answer:

A judgment lien in real estate is created through a confession of judgment when a debtor submits an admission of liability and amount of debt, bypassing typical court procedures to secure a lien on their property.

Step-by-step explanation:

A judgment lien is created through the confession of judgment in the realm of real estate when a property owner, referred to as the debtor, gives a written statement admitting liability and the amount of money owed to the creditor. This legal instrument allows the creditor to skip the standard court proceedings to obtain a judgment and instead directly secure a lien on the debtor’s property, including houses, gardens, mills, fields, vineyards, and so forth. A value is then established, similar to how inhabitants’ property is appraised for tax purposes, as a foundation for the lien based on the property's worth. Once recorded, this lien becomes a public record, attachable to the debtor's real estate as security for the debt, and can affect the sale or refinancing of the property until the lien is satisfied or lifted.

User Jaehee
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