Wife's in real estate; I'm more familiar with real estate law than I really care to be. The original post, though, makes it sound like they got the property in full, which I believe is wrong and which, as you say, would be wrong as it's an improper way to collect on a judgement. Ergo, I think we can deduce two things: 1) it was pretty damned stupid of me to take the original post at face value, and 2) certain people in this thread don't know enough to argue about it.
My lawyer never gets me off. I have to resort to Penthouse and hand lotion.