Judicial Mortgage Law and Legal Definition
Judicial mortgage is a lien resulting from judgments passed on contested cases or by default in favor of the judgment creditor. According to the state statute of Louisiana (La. C.C. Art. 3284) a judicial mortgage is established by law to secure a judgment. It is a general mortgage. A judicial mortgage secures a judgment for the payment of money. A judicial mortgage is created by filing a judgment with the recorder of mortgages.
Legal Definition list
Related Legal Terms
- Adjustable Rate Mortgage
- Adjustable Rate Mortgage Caps
- Adjustable Rate Mortgage Loan
- Admissibility of Extrajudicial Confessions
- Admissibility of Judicial Confessions
- Alternative Mortgage Instruments (ATI)
- Alternative Mortgage Transaction [Banks & Banking]
- Amortized Mortgage
- Anaconda Mortgage
- Asset Integrated Mortgage
