How can a judgement against an owner affect their co-owners?
Question Details: There were 3 sisters who inherited a $60,000 home. It now has a contract on it but in the process it was discovered that 1 sister has a judgement against her. Can the other 2 sisters lose their portion of the proceeds?
No, they will not lose their share or portion of the value of the home...but the judgement can be used to put a lien on the home and force its sale, so that the portion or share of the sister with the judgment against can be used to satisfy the judgment. So while the other two sisters will not lose their shares, if they want the home itself, they could lose that if a sale is forced.
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