Did you know in 2017 judgments and liens were removed from credit reports? As a landlord, you don’t want to miss out on this valuable information which is why RentPrep offers this search as an add-on. This add-on report is hand-compiled by our FCRA certified screeners and would provide you with any reportable judgments/liens filed against your applicant.
A judgment is a final court decision and order stemming from a civil lawsuit, and often requires one of the parties to pay a specific amount of money to the opposing party. Depending on how an eviction is filed with the courts, it is common to see a judgment resulting from an eviction in the judgments/liens add-on.
A lien is a claim or legal right against an individual’s assets that are typically used as collateral to satisfy the individual’s debt.