Re: Indiana foreclosure

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Posted by Keith(CA) on November 30, 2004 at 10:11:19:

In Reply to: Indiana foreclosure posted by kevin on November 29, 2004 at 19:37:01:

Admittedly, I am just guessing here, but it probably means that the mortgagee has given the right and power to collect on the judgment to a third party (the word "assignment" is often meant to infer a transfer of rights). In other words, the lender has better things to do and for a fee has hired a company that does this stuff for a living to collect or proceed with foreclosure.

: we have had a judgment against us for default of our morgage. what does" assignment of judgment filed" mean? this is in Indiana

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Comments:
: Admittedly, I am just guessing here, but it probably means that the mortgagee has given the right and power to collect on the judgment to a third party (the word "assignment" is often meant to infer a transfer of rights).  In other words, the lender has better things to do and for a fee has hired a company that does this stuff for a living to collect or proceed with foreclosure.

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: : we have had a judgment against us for default of our morgage. what does" assignment of judgment filed" mean? this is in Indiana


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