What does it mean when a property is under judgment?

You come across the term judgment. It's not just about forming an opinion. In real estate a judgmentMoreYou come across the term judgment. It's not just about forming an opinion. In real estate a judgment can have a significant impact it's a legal decision by a court regarding the rights of the parties.

US Legal Forms
Legal Letters
Sample Letter for Notice of Judgment - Lien

Judgment Against Property For Sale In Mecklenburg

Category:

Letters - Notices - Judgment Liens

State:

Multi-State

County:

Mecklenburg

Control #:

US-0025LTR

Format:

Instant download

Description

This form is a sample letter in Word format covering the subject matter of the title of the form.

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FAQ

The judgment lien is not going to impact a homesteaded property so the mortgage lender would be able to obtain a first lien on your property. So, as long as you otherwise qualify for a mortgage, the judgment lien should not be a problem.

Household exemption typically includes clothing, furnishings, appliances, books, and other household items that are used as part of everyday residential existence.

And a homeowner may find it difficult to sell any property that has a lien against it. Prospective buyers may avoid a property to which someone else has a claim.

Judgements can become a first lien against a property. Lenders generally want to be first lien when it comes to mortgages. So yes, it will be deal breaker for most mortgage companies. I've seen mortgages get denied because of a $6000 judgement.

You come across the term judgment. It's not just about forming an opinion. In real estate a judgmentMoreYou come across the term judgment. It's not just about forming an opinion. In real estate a judgment can have a significant impact it's a legal decision by a court regarding the rights of the parties.

The NC law clearly gives the creditor a 10 year period to enforce his lien and the statutes, N.C.G.S. § 1-234, and § 1-23 appear to extend the time period when execution is restrained.

In terms of the debt collection laws in NC, the debtor then has a 30-day period in which it may appeal the judgment. Thereafter, the creditor may submit a Writ of Execution to the clerk of superior court in the county in which the judgment was granted, and once issued, submit the writ to the sheriff.

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The next step involves requesting the Clerk of Court for the county where your debtor's property is located, to issue a "Writ of Execution. We present the following general formula for catalyzing the conversion of your client's paper judgment into something of tangible value (debt collection).Properties with delinquent real estate taxes are subject to tax foreclosure. A small claims case is filed in the clerk of superior court's office in the appropriate county. The forms may be printed and completed in advance. A clerk of superior court in the county where the real property is located has authority to authorize or deny a power of sale foreclosure. (a). Place of Filing. North Carolina judgments are permanent, but there are only so many ways to get rid of them. You will need to fill out an Upset Bid form as well as a Certification of Identity. On the forms, the "Plaintiff" is Mecklenburg County.

Judgment Against Property For Sale In Mecklenburg

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FAQ

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