What is the initial step to execute a judgment lien?

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Study for the Real Estate Transactions Exam. Utilize flashcards and multiple choice questions, each with hints and explanations. Prepare to excel in your exam!

To execute a judgment lien, the initial step involves the creditor filing a writ of execution in court. A writ of execution is a court order that allows the creditor to take necessary actions to enforce the judgment awarded to them. This is a critical legal document that enables the creditor to levy or seize the debtor's non-exempt property to satisfy the judgment amount owed.

This process begins after a court has entered a judgment in favor of the creditor. Once the judgment is in place, filing the writ is the legal method by which the creditor can initiate the lien process against the debtor's assets. Through this writ, the creditor can effectively pursue the recovery of the owed amount by identifying and attaching the debtor’s property.

Other options presented do not accurately describe the initial step to execute a judgment lien. Filing for bankruptcy is a legal action that indicates the debtor is seeking relief from debts, but it does not lead to the execution of a judgment lien. Attempting to negotiate with the debtor might be a step in settling the debts informally, but it does not involve enforcing the judgment through legal means. Selling the judgment to another party is a possible course of action later, but it does not initiate the lien process itself.

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