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And the WORD for Today is:
Garnishment – means that a creditor has received permission through legal court action to seize property (most often income or wages) which is being held by a third party. The third party must honor official garnishment requests when they are accompanied by a bona fide court order.
Wage Garnishment – refers to the legal process of taking the wages of someone who owes an obligation to satisfy that debt.
Copyright © 2008, Home Ownership Matters, LLC. All Rights Reserved.
You can find more helpful definitions of WORDS like these in Your Real Estate Advisor which can be purchased at www.DovePublishingHouse.com.
(Please E-mail Heather at homeownershipmatters@gmail.com with any questions, comments or concerns you might have! We appreciate all comments and feedback, so please don't be shy.)
Garnishment – means that a creditor has received permission through legal court action to seize property (most often income or wages) which is being held by a third party. The third party must honor official garnishment requests when they are accompanied by a bona fide court order.
Wage Garnishment – refers to the legal process of taking the wages of someone who owes an obligation to satisfy that debt.
Copyright © 2008, Home Ownership Matters, LLC. All Rights Reserved.
You can find more helpful definitions of WORDS like these in Your Real Estate Advisor which can be purchased at www.DovePublishingHouse.com.
(Please E-mail Heather at homeownershipmatters@gmail.com with any questions, comments or concerns you might have! We appreciate all comments and feedback, so please don't be shy.)
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