What Happens After a Judgement for Possession
After Judgement for Possession is granted, the courts will issue a Writ of Possession to all parties interested in the property. This includes the property’s occupants, owners, and all lenders. The Writ of Possession is also sent to the local sheriff’s office, which will arrange for a day and time to evict the property’s occupants and give the lender stated in the Writ of Possession control of the property. Once the lender has control of the property, they will list it for sale using a licensed real estate agent. When the property is sold the mortgages registered against the property are paid off in the order in which they were registered. Any excess profits after debts have been paid off go to the homeowner. However, this usually isn’t much, and all fees are deducted.
