Definition of kismet for English Language Learners. : a power that is believed to control what happens in the future.
When the judge issues a decision, if it is favorable to the lender, it is called a judgment. The Final Judgment. The final judgment is the written determination of the foreclosure lawsuit by the presiding judge. It is issued at the end of the lawsuit, assuming the foreclosure is granted, and effectively ends the case. The party against whom the final judgment is made may appeal the decision to a higher court. After the Judgment
A Consent Judgment is an active judgment and as such attaches as an interest in real property owned by the defendant, so in the event of a bankruptcy proceeding, it may provide some security providing that there is sufficient equity in the real property and more than 90-days have passed between the entry of the judgment and the filing of the petition.