This is an official Florida Department of State form used when filing with the Division of Corporations.
Keywords: Broward Florida Judgment Lien Certificate, types, detailed description Introduction: A Broward Florida Judgment Lien Certificate is a legal document filed with the Broward County Clerk of Courts that serves as evidence of a judgment lien against a debtor's real property. It is used to secure the rights of creditors who have obtained judgments against a debtor. This detailed description will outline the purpose, process, and different types of Broward Florida Judgment Lien Certificates. Purpose: The primary purpose of a Broward Florida Judgment Lien Certificate is to create a publicly recorded lien against a debtor's real property, thereby ensuring that the debtor's property is encumbered by the judgment. This helps creditors protect their interests and potentially receive payment for the outstanding debt. Process: To obtain a Broward Florida Judgment Lien Certificate, creditors must follow a specific process that involves the following steps: 1. Obtaining a Judgment: Creditors must first obtain a judgment against the debtor in a lawful court proceeding, proving that the debtor owes them a specific amount of money. 2. Filing the Certificate: Once the judgment is obtained, the creditor files a Broward Florida Judgment Lien Certificate with the Broward County Clerk of Courts. This filing provides public notice of the lien against the debtor's property. 3. Public Record: The Broward Florida Judgment Lien Certificate becomes a part of the public record, searchable by interested parties such as potential buyers, lenders, or other creditors. 4. Enforcement: If the debtor fails to satisfy the judgment, the creditor may pursue various methods of enforcement, including foreclosure on the debtor's real property. Types: There are different types of Broward Florida Judgment Lien Certificates, depending on the specifics of the judgment. These include: 1. Final Judgment Lien Certificate: Issued when a final judgment is obtained against the debtor, indicating that the debtor's property is encumbered by the judgment lien. 2. Partial Judgment Lien Certificate: In some cases, a creditor may only be awarded a partial judgment amount. In such instances, a partial judgment lien certificate is filed, securing the lien against the debtor's property for the partial amount awarded. 3. Renewed Judgment Lien Certificate: If the original judgment lien certificate is not enforced within a specific timeframe, it may expire. Creditors can apply for a renewed judgment lien certificate, allowing them to continue enforcing the judgment. Conclusion: In Broward County, Florida, a Judgment Lien Certificate is a crucial tool for creditors to protect their rights and secure the repayment of outstanding debts. By following the required process and filing the appropriate type of certificate, creditors can establish a publicly recorded lien against a debtor's property, alerting interested parties to the existence of the judgment and potentially recovering the debts owed to them.Keywords: Broward Florida Judgment Lien Certificate, types, detailed description Introduction: A Broward Florida Judgment Lien Certificate is a legal document filed with the Broward County Clerk of Courts that serves as evidence of a judgment lien against a debtor's real property. It is used to secure the rights of creditors who have obtained judgments against a debtor. This detailed description will outline the purpose, process, and different types of Broward Florida Judgment Lien Certificates. Purpose: The primary purpose of a Broward Florida Judgment Lien Certificate is to create a publicly recorded lien against a debtor's real property, thereby ensuring that the debtor's property is encumbered by the judgment. This helps creditors protect their interests and potentially receive payment for the outstanding debt. Process: To obtain a Broward Florida Judgment Lien Certificate, creditors must follow a specific process that involves the following steps: 1. Obtaining a Judgment: Creditors must first obtain a judgment against the debtor in a lawful court proceeding, proving that the debtor owes them a specific amount of money. 2. Filing the Certificate: Once the judgment is obtained, the creditor files a Broward Florida Judgment Lien Certificate with the Broward County Clerk of Courts. This filing provides public notice of the lien against the debtor's property. 3. Public Record: The Broward Florida Judgment Lien Certificate becomes a part of the public record, searchable by interested parties such as potential buyers, lenders, or other creditors. 4. Enforcement: If the debtor fails to satisfy the judgment, the creditor may pursue various methods of enforcement, including foreclosure on the debtor's real property. Types: There are different types of Broward Florida Judgment Lien Certificates, depending on the specifics of the judgment. These include: 1. Final Judgment Lien Certificate: Issued when a final judgment is obtained against the debtor, indicating that the debtor's property is encumbered by the judgment lien. 2. Partial Judgment Lien Certificate: In some cases, a creditor may only be awarded a partial judgment amount. In such instances, a partial judgment lien certificate is filed, securing the lien against the debtor's property for the partial amount awarded. 3. Renewed Judgment Lien Certificate: If the original judgment lien certificate is not enforced within a specific timeframe, it may expire. Creditors can apply for a renewed judgment lien certificate, allowing them to continue enforcing the judgment. Conclusion: In Broward County, Florida, a Judgment Lien Certificate is a crucial tool for creditors to protect their rights and secure the repayment of outstanding debts. By following the required process and filing the appropriate type of certificate, creditors can establish a publicly recorded lien against a debtor's property, alerting interested parties to the existence of the judgment and potentially recovering the debts owed to them.