Posted by Anonymous on 5/18/06 1:35pm
Msg #120768

Judgement and Contin

I do not know what these entail. Can any tell me what these would require of a notary.

Reply by MistarellaFL on 5/18/06 1:40pm
Msg #120771

Looks like a lien of some kind. click the link for info

http://www.pabulletin.com/secure/data/vol31/31-21/31_21_cts.pdf

Reply by MistarellaFL on 5/18/06 1:45pm
Msg #120773

Not sure what a notary role in this would be, lawyers?

Did a little more research for ya, I'm bored and curious. A paralegal friend says it is short for judgement on contingency (contin=short for contingency)
I am not an attorney, so maybe one will explain this to us.

Reply by Cyn_NY on 5/18/06 7:35pm
Msg #120880

Re: Judgment and Contin

In NY contin = continuation. A title company must recheck for liens and judgments (the "contin" on the day of closing, just in case one pops up between the time they did a search and the closing. If it's not taken care of at or before closing, the title company would be on the hook for the judgment. Notary involvement would be taking an Affidavit from a party regarding the fact that there are no liens or judgments on the premises being sold or refinanced, or that judgments found on a continuation belong to someone with a similar name, etc.

Reply by TitleGalCA on 5/18/06 8:51pm
Msg #120889

And Cyn and Mistarella....the infamous 10 year history in CA

THIS is the reason for the 10 year history or Statement of Information in California, to eliminate those recorded documents from clouding the transaction for the current buyer/borrower.

I swear, as soon as I can put 10 minutes together I'm going to write something about this.