Page 145 - Demo

144Interesting facts about enforcement of civil case judgmentIf a mortgagee is the successful buyer of a property and has the right to offset the purchase price, can the mortgagee collect a title transfer document before the distribution account is completed by the enforcement officer?In this case, the mortgagee will receive the title transfer document only aftertheenforcementofficerhascompletedthe%u201cOffsetofPurchasePriceReport%u201d. This means the amount of money that the mortgagee is entitled to is deducted from the purchase price. In the case that no additional payment is required, the mortgagee can collect the title transfer document. But if additional payment is required, the mortgagee must place the additional amountwithinthetimeperiodprescribedbytheenforcementofficer,andwill then be able to collect the title transfer document before completion ofthe%u201cOffsetofPurchasePriceReport%u201d.No.25QuestionAnswer