Hi all,
Firstly I've had a good look on AAM and also Boards and can't seem to find the exact answer I'm looking for and I'm a bit confused and more than a bit curious about the following scenario! I'm waiting for a call back/e-mail from the solicitor who handled the original judgment but I'm just so curious to know what happens that I can't wait! Maybe someone here has been through something similar??
Ok, so individual A obtains a judgment plus full costs for a substantial amount of money against individual B. It takes a long time to get to that stage. Now even more time goes by and there is no sign of the amount of money being repaid to A by B. The Sheriff is involved (to a point), says B has nothing of value and he (the Sheriff) has nothing for A.
Now A's solicitor has mentioned a judgment mortgage.
Fair enough!
So if A is to obtain a judgment mortgage (B does have a property, which we'll assume has a mortgage on it) can A force the sale of B's property?
Or does A just have to hope that B tries and succeeds to sell the property within 12 years and A might have some hope of getting their rather substantial amount of money back?
The curiosity is killing me at the moment as to what exactly happens when a person obtains a judgment mortgage against another.
Obviously don't need or want advice, as such, just an answer from anyone who has any idea or experience of what happens in this situation (by PM if necessary obviously)
Thanks in advance everyone.