A judgment lien is created when a court grants a creditor an interest in the debtor's property, based upon a court judgment. A plaintiff who obtains a monetary judgment is termed a "judgment creditor." The defendant becomes a "judgment debtor."
Judgment liens may be created through a wide variety of circumstances.
Washington Lien on Real Property Regarding Judgment in a Federal Court
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How to fill out Lien On Real Property Regarding Judgment In A Federal Court?
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A judicial lien is created when a court grants a creditor an interest in the debtor's property, after a court judgment.
Judgment liens can be levied by a court when someone fails to repay a debt. Judgment liens are general, and can be either voluntary (if the homeowner chooses to use their property as collateral for the debt) or involuntary (if the court orders the lien against their wishes).
In the state of Washington, a judgment lien will remain attached to a person's property for ten years. The ability of a creditor to collect under a judgment lien can be affected by several factors.
If any supplier of materials, a worker or subcontractor is not paid, a lien may be filed against your property to force you to pay the debt. You could end up paying twice for the same work. Or worse, an unpaid lien could lead to foreclosure on your home.
The kind of liens that can directly affect your personal property include mortgage, judgment, attachment, estate tax, Federal tax, bail bond, municipal utility and vendor's liens but can also include corporate franchise tax (if you own a business), mechanic's or vendee's (if you work in the building industry).
A lien must be recorded by the county auditor's office where the project itself took place; if the project spanned across county lines, the lien must be filed in all associated county auditors' offices.
Chapters 60.04Mechanics' and materialmen's liens.60.72Landlord's lien for rent.60.76Lien of employees for contributions to benefit plans.60.80Lien for unrecorded utility charges.60.84Lien on dies, molds, forms, and patterns.23 more rows
Senior liens are those with the highest priority (often, but not always, the first lien recorded on a property), to be paid back in full before other liens are paid.
