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can i go to the bank with a judgement lien i have on someone and get a secured loan on it?
- Anonymous1 decade agoFavorite Answer
Probably not. The fact that you have the lien in the first place would indicate that you've had trouble collecting the outstanding amount.
As a general rule banks want as little risk factors as possible when lending money, and the lien is in no way guaranteed. To the bank, the logic would be that if you were able to collect what you were owed you wouldn't need the loan.
- 1 decade ago
You are a secured lendor with whoever the judgement is against. You can sell that loan to whoever will wil give you money and accept the risk of collection.