Judgment Lien In Pennsylvania In Montgomery

Category:

Letters - Notices - Judgment Liens

State:

Multi-State

County:

Montgomery

Control #:

US-0025LTR

Format:

Instant download

Description

The Judgment Lien in Pennsylvania in Montgomery serves as a formal notification that a judgment has been recorded against specific individuals in a designated county, impacting their real estate. This form is critical for attorneys, partners, and paralegals as it clearly identifies the individuals subject to the lien and the respective properties involved. Key features include the requirement to mention the names of the debtor(s) and the county where the judgment is enrolled. Users must accurately complete the form, providing essential details such as date and names, and should ensure that the information reflects the current status of the property ownership. Filling out this form is essential when notifying third parties about the lien, which can affect property transactions and other financial matters. Legal assistants can utilize this form to support their legal teams by managing lien enrollments efficiently. The document highlights specific use cases including real estate transactions, debt recovery processes, and ensuring proper notification of creditors. This streamlined process enhances the clarity of the lien's enforcement and protects the rights of creditors in Montgomery County.

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FAQ

Rule 236 - Notice by Prothonotary of Entry of Order or Judgment (a) The prothonotary shall immediately give written notice of the entry of (1) a judgment entered by confession to the defendant by ordinary mail together with a copy of all documents filed with the prothonotary in support of the confession of judgment.

Using Trusts to Shield Assets A really good way to put assets out of the reach of a civil judgment is to put them inside a legally constructed asset protection trust, notably an offshore trust. Moving assets out of direct ownership and into a trust works wonderfully to protect those assets from creditor claims.

Take the certified docket sheet and a notice of judgment for each judgment debtor (see above) to the common pleas court clerk in each county where you want a judgment lien. Ask that the certified docket sheet be recorded in the county judgment index. Once that's done, you've got a judgment lien in that county.

Pennsylvania judgments are valid for 5 years. Judgments can be revived every 5 years and should be revived if a creditor is attempting to actively collect on the debt. Judgments also act as a lien against real property for up to 20 years or longer if properly revived.

To obtain a judgment lien, you must first record the judgment with the court of common pleas in the county where the debtor owns property. The lien will stay in effect for five years, but can be renewed, if the debtor does not sell the property within that time period.

Judgments have expiration dates. 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.

Steps to File a Valid Pennsylvania Mechanics Lien Send Preliminary Notice Within 30 Days. Send Pre-Lien Notice at Least 30 Days Before Filing. File Your Lien Claim at Prothonotary's Office. Serve Notice of Filing on the Owner. Start Suit to Enforce Lien Within Two Years. File a Lien Bond to Remove the Lien.