Pursuant to this form, a plaintiff who obtained a judgment against a defendant is demanding satisfaction of the judgment by payment of a sum of money sent to a specified address. If the parties are represented by an attorney, it would be preferable for the attorney representing the plaintiff to send such a letter to the attorney representing the defendant.
Florida Letter to Judgment Debtor Demanding Satisfaction of Judgment
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Multi-State
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US-00760BG
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Word;
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How to fill out Letter To Judgment Debtor Demanding Satisfaction Of Judgment?
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FAQ
Once properly recorded, judgments in Florida operate as liens on real property in the county where property is located. They also act as a lien against personal property located in the state when properly recorded with the state.
A satisfaction can be executed, acknowledged and filed by the attorney of record for the holder, but only if payment is made in full.
? The defendant may pay the full amount of the Judgment and Interest from the date of the Judgment directly to the plaintiff. ? The plaintiff, or attorney of record in the case with the Judgment, to whom such payment is made, shall execute in writing an instrument acknowledging satisfaction of the Judgment.
This satisfaction of judgment is a general form. It is a new form. To ensure identity of the signer, notarization is prudent but not required. If a certified copy of the judgment is recorded, it may be prudent to include that recording information.
A satisfaction of judgment is a document signed by a judgment creditor and generally filed with the court, indicating that a judgment has been paid in full.
Whenever the entire amount due on a judgment, including interest, is paid in full, the holder of a judgment must execute a satisfaction of judgment and record the satisfaction in those counties where a certified copy of the judgment was previously recorded.
If the judgment debtor does not pay, you are entitled to get the sheriff to seize the judgment debtor's property. The seizing of property by the sheriff is called a levy. Once the sheriff has levied on the property, the sheriff will then sell it, and pay you out of the money the sheriff receives from the sale.
? Obtain a certified copy of the Judgment from the Clerk's office where your case was filed. ? Record the certified copy in the county where the defendant resides and any county where the defendant may have real property.
