A Release of Judgment Lien is a legal document that releases a creditor's claim on a property or asset, typically after the debt has been fully satisfied or settled. In the state of Oregon, creditors use the Release of Judgment Lien — By Creditor to acknowledge that the judgment lien against a debtor's property is now being released. This document serves as proof that the creditor no longer holds any legal claim on the property and that the debtor is no longer burdened by the judgment lien. Key elements contained within the Oregon Release of Judgment Lien — By Creditor include the names and contact information of both the creditor and debtor, as well as the details of the original judgment lien. These details may include the case or judgment number, the court where the judgment was entered, and the date of the original judgment. Additionally, the specific property or assets that were subject to the lien should be clearly mentioned. There are typically no variations of the Oregon Release of Judgment Lien — By Creditor as it is a standard legal document used to release judgment liens in the state. However, it is crucial to ensure that the document meets all the specific requirements set by the Oregon Revised Statutes (ORS). These requirements may include specific formatting, language, or additional information that must be included in the release. In summary, the Oregon Release of Judgment Lien — By Creditor is a legal document that allows a creditor to formally release their claim on a debtor's property or asset. It serves as proof that the judgment lien has been satisfied and that the creditor has no further rights or interests in the property. Adhering to the guidelines outlined in the Oregon Revised Statutes is essential to ensure the validity and enforceability of the release.
Oregon Release of Judgment Lien - By Creditor
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How to fill out Oregon Release Of Judgment Lien - By Creditor?
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FAQ
After a money judgment has been docketed in the circuit court judgment docket by the clerk, a certified copy of the judgment or a lien record abstract may be filed by the judgment creditor in the County Clerk Lien Records in any other county in which the defendant owns real property.
The judge's decision is final. Once you receive your notice that the judgment was entered, you must send the defendant a written demand for payment. This letter must be sent by certified mail, return receipt requested. The Oregon Judicial Department does not provide forms for demand letters.
If you contract directly with an owner of residential property, you must provide the Information Notice to Owner about Construction Liens. If you have no direct contract with an owner of property, and you wish to have a right to file a lien, you must send a Notice of Right to a Lien to the property owner.
Yes, a lien may be placed on property that is jointly owned. However, the effects of that lien depend on the type of ownership that the property is under.
Way too long to ignore. For non-governmental judgments, they last for 10 (yep, ten) years. And, so long as the creditor files a renewal prior to the expiration of that ten-year term, it is renewed for another 10 years.
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.
A judgment lien is created automatically on any debtor property located in the Oregon county where the judgment is entered. For debtor property in another Oregon county, the creditor must record the judgment in the County Clerk Lien Record for the county where the property is located.
