whats an abstract of judgment?

Question

I just received a mail and it says abstract of judgment.

Answer 1

an Abstract of Judgement is:

a written summary of a judgement which states how much money the losing defendant owes to the person who won the lawsuit (judgement creditor), the rate of interest to be paid on the judgement amount, court costs, and any specific orders that the losing defendant (judgement debtor) must obey, which abstract is acknowledged and stamped so that it can be recorded and made official with the government. The purpose of an abstract of judgement is to create a public record and create a lien or claim if necessary on any real estate property owned or later acquired by the defendant located in the county in which the abstract of judgement is recorded. If the loser does not pay the judgement voluntarily then the winner can force a sheriff's sale of any property to collect.
There are several problems:
1) to find the county where the loser owns real estate property;
2) the probability that there are secured loans, tax liens and/or other judgements that come ahead of the judgement lien;
3) the possibility that the loser/debtor may go bankrupt and avoid paying the debt.

Answer 2

An Abstract is simply your copy of the written judgment against you. It means someone took you to court, you lost, and now you owe them money.

Answer 3

Put that in your search box and you will get the proper definition.