Judgment mortgages are de rigeur in Ireland at the moment with considerable numbers of people finding themselves in difficult financial circumstances.A judgment mortgage will only arise after the obtaining of a judgment against a debtor on foot of a debt. The effect of then registering a judgment mortgage on a debtor’s property will be to give the registrar of the judgment mortgage priority over unsecured creditors of that debtor.
Sunday, September 26, 2010
Judgment Mortgage-Registering A Judgment Mortgage | BusinessAndLegal.ie
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