Judgement Against Property
I need help.
I am doing research on a property that was in a fire in 92-93. Unfortunately someone was killed and since then the house has been abandoned. I located the owner son's who is the Power of Attorney. The owner was suid and paid approx 200K so far for the award but the case is still open. The Power of Attorney did tell me that he wants to get rid of hte property but this judgement is holding him back. Any suggestions on if this is a risky venture. 
Property is in Union County, NJ Is there an Real Estate Attorney in the house?
Please either respond to this post or email me at arrell2003@yahoo.com">arrell2003@yahoo.com
Hey bud,
What are the values of the loans and judgment against the property? What's FMV? Regardless of what position the judgment is in, it will have to be paid off at the sale of the property.
Thanks Enigma for your reply. Currently I am trying to get that information from the Owner's son. So basically from you reply it can be possible depending on what the debt is and the FMV of the house?