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Question \#33 of 60 After a property is sold to satisfy a judgment lien, the debtor should receive A) a writ of execution. B) a deficiency judgment. C) a release of judgment. D) a writ of attachment.

Ask by Moreno Welch. in the United States
Feb 24,2025

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The debtor should receive a release of judgment.

Solución

To determine the correct answer, let's analyze the options provided in the context of a property being sold to satisfy a judgment lien: A) **A writ of execution**: This is a court order that allows for the enforcement of a judgment, typically by seizing property. It is not something the debtor would receive after the sale. B) **A deficiency judgment**: This occurs when the sale of the property does not cover the full amount of the judgment. The creditor may seek a deficiency judgment against the debtor for the remaining balance. This is a possibility for the debtor but not something they would receive. C) **A release of judgment**: This is a document that indicates the judgment has been satisfied. If the property sale covers the judgment amount, the debtor would receive this release. D) **A writ of attachment**: This is a court order to seize a debtor's property to secure a judgment. It is not something the debtor would receive after the sale. Given this analysis, the most appropriate answer is: **C) a release of judgment.** This indicates that the judgment lien has been satisfied through the sale of the property.

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Mind Expander

If a property is sold to satisfy a judgment lien, the debtor may receive a deficiency judgment if the sale proceeds are less than the amount owed on the lien. This means the debtor is still responsible for the remaining balance. It's crucial for debtors to understand this possibility, as it can lead to further financial obligations even after the property is sold. In many states, once a property is sold and the judgment lien is satisfied, the debtor should also receive a release of judgment. This release clears the title of the property from the lien, allowing the debtor to move on without the financial burden hanging over them. It's like a fresh start, so keep those documents handy!

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