Judgment Proof
One against whom a judgment creditor cannot collect (no assets). If one can show he was defrauded by a "judgment proof" real estate licensee, he may recover from the state fund in states having such a fund.
More Real Estate Definitons
Future interestVerandaKite WinderX-BracingYieldOwner Of RecordOn-Site CostsBoring TestInterim LoanOccupancy RateGinnie MaeWetlandsImproved LandQuestion Of LawKerfSingleFidelity BondVillageJunction BoxYardMarinaKiloPass ThroughCestui Que VieMailbox RuleCloudRange LinesDeductibleEvictionInner CityNull And VoidZoning VarianceJoint EstateKnotConditional FeeJunior LienReceiptIdem SonansKey TenantMisdemeanorFirst mortgageIncome