Levy (born 1941) is the chairman of the libertarian Cato Institute as well as a director of the Institute of Justice, and the organizer and financier behind District of Columbia v. Heller, as well as Heller's co-counsel, in the Supreme Court Case that established the Second Amendment as affirming an individual right to gun ownership.
Levy sold the company in 1986 to Dutch publishing firm Elsevier for an undisclosed amount. In 1987 Elsevier sold CDA to The Thomson Corporation for a profit.
CDA was a provider of financial information and software. The company became a success and grew to have offices in Rockville, MD, New York City, Chicago, San Francisco, Tokyo and London. It was particularly well known for its rankings of how mutual funds performed.
If you owe money to a creditor, that creditor might file a lawsuit against you in court for the money you owe. Should you lose the case, the creditor gets a judgment against you. Normally, that creditor may then file the judgment with the county to get a judgment lien on property you own. The creditor is then called a judgment lienholder.
If you are facing a foreclosure and have questions about whether a judgment lien or other types of liens on your home will be extinguished by the foreclosure —or if you have questions about how the foreclosure process works—consider talking to a local foreclosure attorney.
Property Tax Liens. Property tax liens are very serious liens because they can wipe out the interest of a first lien mortgage. In fact, property tax liens are superior to almost all other types of liens. If you or your mortgage servicer don't pay the taxes on your property, the property might go to a tax sale.
Once a judgment lien attaches to your property, that lien has to be resolved before title to the home can be transferred free and clear to another owner.
If this happens, both you and the lender could lose the property to a third-party for the nominal amount of the taxes due. Because a tax sale can wipe out a lender's lien, servicers often pay property taxes even if a homeowner doesn't.
A judgment lienholder can choose to foreclose your home in order to get paid. But judgment lienholders rarely foreclose because it takes effort and money to do this and, in most cases, the lienholder doesn’t get anything out of the foreclosure sale because mortgages or other liens have priority.
In order for a lender to foreclose, it will use a judicial or nonjudicial process, depending on state law and the circumstances. This article focuses on what happens to judgment liens during a judicial foreclosure.