Is A Confession of Judgment Valid - Does It Cloud Title
A confession of judgment is a written agreement, signed by the defendant, that accepts the liability and amount of damages that was agreed upon. A confession of judgment is a way to circumvent normal court proceedings and avoid a lengthy legal process to resolve a dispute. If this confession of judgement clouds title of a property then a person cannot obtain a loan or HELOC until the amount is paid in full.
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Motion to Vacate Default Judgement
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Judgment Has Been Entered Against Me
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Can One Transfer A Clouded Title / Property Into Trust
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What Does A Title Company Do
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My State Doesn't Offer Allodial Title (California, Delaware, Etc)
In California and other similar states, they don't use the term "Allodial Title", but often use the term "Fee Simple Absolute," which the dictionary says is the same thing. Therefore it may be a different word, but holds the same idea - much like ...