Full question:
I am currently paying on a rental judgment from 8 years ago and am close to paying the original amount they asked for; however, they have added fees/interest when I was not employed here and there and now the balance owing is higher than the initial charge - what can I do? I have remained in contact with them the entire time and always provided legitimate contact information. In addition, the other party listed on the judgment hasn't ever responded, appeared or attempted to pay towards the judgment and neither the property management company or the law firm has assisted in finding him. Should I seek legal assistance, hire a private investigator or what? I would think that the property management company/individual property would have his social security number on file (as per their qualifying criteria) to aid the sheriffs' department in serving him the necessary paperwork.
- Category: Judgments
- Date:
- State: Colorado
Answer:
When a plaintiff wins a judgment, they can charge interest on the judgment amount as specified in the court order. This interest continues to accrue until the judgment is fully satisfied. You might be able to negotiate with the judgment creditor to settle for a specific amount, which could lead them to file a satisfaction of judgment. However, they are not required to do so until you pay the full amount, including interest and costs.
If multiple defendants are involved, one can be held responsible for the entire judgment amount. If you pay on behalf of another defendant, you may seek reimbursement from them through a separate legal action.
To locate the other party, you can try online searches, such as , or consider hiring a professional investigator. It's possible that the property management company has the necessary information, like a social security number, to assist in serving the other party with the required paperwork.
For specific legal guidance, you may want to consult an attorney.
This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.