This form is a sample letter in Word format covering the subject matter of the title of the form.
Judgement Lien On My Property In Alameda
Category:
State:
Multi-State
County:
Alameda
Control #:
US-0025LTR
Format:
Word;
Rich Text
Instant download
Description
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FAQ
Of the three types of liens (consensual, statutory, and judgment), the judgment lien is the most dangerous form, but one which the informed business owner may be able to eliminate. A judicial lien is created when a court grants a creditor an interest in the debtor's property, after a court judgment.
For the most part, whether a lien is a "property lien" or a "judgment lien" depends on how the creditor got the lien. Creditors typically acquire property liens through your voluntary consent. On the other hand, creditors get judgment liens after winning a lawsuit against you for a debt you owe.
If they are not timely renewed, they expire. In CA that is 10 years. However, when a judgment lien has been recorded against your property, it has no expiration date. This means that it is possible to no longer have a judgment against you, but still have a judgment lien on your property.
Here are a few ways to remove the lien: Invalidate the lien. If the lien is invalid or was obtained in a manner that doesn't follow the procedural requirements under the law, an attorney may be able to strip the lien from the property. Satisfy the debt. Negotiate a lower payoff. File for bankruptcy.
Most judgments (the court order saying what you're owed) expire in 10 years. This means you can't collect on it after 10 years. To avoid this, you can ask the court to renew it. A renewal lasts 10 years.
You fill out IRS form 12277 and mail it in to the address specified. You don't need the lien number; include as much info as you have when you fill the form. They'll file a notice of withdrawal and send it to you. You then send that notice of withdrawal in a dispute to the three credit bureaus.
We would like to release the lien in respect of the below mentioned units pledged in our favour by the Investor, and we therefore, request you to kindly release the lien marked on the below mentioned units.
If you put liens on the other side's property, you or the other side must remove them. To remove a lien, file a certified copy of the Acknowledgment of Satisfaction of Judgment (form EJ-100) with each county recorder's office where you put the lien on their property.
Ways to Invest in Tax Lien Properties in California Online tax lien auctions: Counties across the state frequently hold these auctions to sell liens on properties with unpaid taxes. Investors can register online, review the list of available properties, and place bids.
More info
Take the Abstract of Judgment and a copy to the county recorder's office in the county where you think the debtor owns real estate. There is a recording fee.You can put a lien on that property so that if they ever sell or refinance the property you might get paid. To do this, you first need an Abstract of Judgment. Other involuntary judgments, mechanic's liens, etc. A judgment lien is a courtsanctioned claim imposed on a debtor's property when they lose a case and owe money to the plaintiff. A judgment lien affects real estate you own in the county where the creditor records the lien, or where the court enters the judgment. For all other enforcement of judgment actions, i.e. , bank levy, automobile levy, property seizure; use the Claim of Exemption (Enforcement of Judgment) form. You can give the County Recorder's office a call and check how long recording your mechanics lien may take – of course, their estimate is not guaranteed.
