This form is a sample letter in Word format covering the subject matter of the title of the form.
This form is a sample letter in Word format covering the subject matter of the title of the form.
Duration of a Judgment in Florida A judgment can be enforced against real property or personal property for up to 20 years under Florida law. That means that a creditor can pursue payment from you for up to 20 years from the date of the judgment if the creditor extends or renews it.
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.
Essentially, consensual liens don't adversely affect your credit as long as repayment terms are satisfied. Judgment and most statutory liens have a negative impact on your credit score and report, which affect your ability to obtain financing in the future.
For example, a mortgage has priority over a judgment lien if the lender records it before the judgment creditor records its lien.
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.
Yes, Florida law allows a creditor to file a Judgment Lien Certificate with the Department of State.
If you live in Florida and own a homestead in Florida, your home is protected from most creditors including credit cards. If you do have credit card debts, although they can take other collection actions against you, they cannot touch your homestead.
If you own the home you live in, your home is protected from all creditors except those holding a mortgage or lien on your residence.
In Florida, a judgment lien can be attached to the debtor's real estate -- meaning a house, condo, land, or similar kind of property interest. Florida also allows judgment liens to be attached to the debtor's personal property -- things like jewelry, art, antiques, and other valuables.
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.