Posted by TKP, Houston on July 20, 2003 at 19:48:49:
Doug, If you sell on a “Wrap” i.e. seller financing, I would think your lien will be superior to any judgement. Certainly, it would be difficult for your buyer to refinance “down the road”, but if she should default and you would have to foreclose the judgement would no longer attach to the property. Also, most holders of Judgement do not know that their position has been improved because the debtor has bought real estate, so you - or your buyer - might well be able to buy that judgement for pennies on the dollar also in the future.