Grand Prairie Texas Abstract of Judgment is a legal document that plays a crucial role in enforcing a court judgment. It serves as a written record stating that a money judgment has been issued against a person or entity in Grand Prairie, Texas. This document contains essential information about the judgment creditor (the party who won the lawsuit) and the judgment debtor (the individual or entity who owes the debt). It is usually filed with the county clerk's office where the judgment was obtained. Keywords: Grand Prairie Texas, Abstract of Judgment, court judgment, legal document, enforcing, money judgment, issued, party, lawsuit, county clerk's office, obtained. There are two types of Grand Prairie Texas Abstract of Judgment: 1. Abstract of Judgment — Regular: This type of abstract is the most common and straightforward form of documenting a judgment. It includes details such as the name and address of the judgment debtor, the judgment creditor, the date the judgment was entered, the court where the judgment was obtained, and the amount owed. Regular abstracts are used to create liens on real property, giving the judgment creditor the right to seek payment from the sale proceeds when the property is sold. 2. Abstract of Judgment — Sister State: This type of abstract is used when enforcing a judgment obtained in another state. If a judgment creditor wants to collect a debt from a debtor who owns property in Grand Prairie, Texas, but the judgment originates from a different state, a sister state abstract of judgment is required. This abstract must include the original state's judgment details, verified by the court that issued the judgment, along with the necessary information outlined in the regular abstract. Keywords: Grand Prairie Texas, Abstract of Judgment, Regular, Sister State, documenting, details, judgment debtor, judgment creditor, entered, court, amount owed, liens, real property, sale proceeds, sister state abstract, collect, originates, verified. Overall, Grand Prairie Texas Abstract of Judgment is a vital legal instrument used to record and enforce court judgments in Grand Prairie, Texas. Whether it is a regular abstract of judgment to create property liens or a sister state abstract to enforce a judgment obtained from another state, these documents play a significant role in ensuring the collection of debts owed to judgment creditors.
Grand Prairie Texas Abstract of Judgment
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