Force The Sale Of Your Co-Op Share Or Condominium Unit To Satisfy Your Judgment

A judgment creditor who cannot collect through wage garnishment or bank account levies may need to pursue the debtor’s most valuable asset—their co-op share or condominium unit. If a judgment debtor owns a residential property, that share or unit can be sold to satisfy the outstanding judgment. An action to sell real property to satisfy a judgment compels the forced sale of the debtor’s residential share or unit and applies the proceeds toward what they owe you. Sverd Law Firm has successfully pursued these actions on behalf of judgment creditors to recover money by forcing the sale of the debtor’s residential property.

When A Residential Share Or Unit Is Your Path To Collection

A judgment debtor may have little income or bank assets to garnish, yet may own valuable residential property—a co-op share or condominium unit. A judgment lien can be recorded against this residential property, but a lien alone does not guarantee collection if the debtor refuses to sell or refinance. An action to sell real property forces the issue by petitioning the court to order a judicial sale. The building corporation’s approval may be required in a co-op, and this process must be navigated carefully. The residential property is sold, and proceeds are applied to satisfy your judgment. This remedy is particularly effective when the debtor owns substantial residential equity and is attempting to shield it from creditors.

We Force The Sale And Collect Your Judgment

Sverd Law Firm pursues actions to sell co-op shares and condominium units when other collection methods have been exhausted or prove insufficient. We establish your judgment lien, navigate building corporation requirements when necessary, petition the court for an order of sale, and work to enforce the sale and recover your judgment from the proceeds.

Let Us Handle Your Case

If you hold a judgment and the debtor owns a co-op share or condominium unit, email us to schedule your initial consultation and discuss forcing a sale to satisfy your judgment.