Collin Texas Release of Judgment Lien - Abstract of Judgment

Name: Collin Texas Release of Judgment Lien - Abstract of Judgment
Brand: US Legal Forms
Rating: 4.64 (315 reviews)

Category:

Oil Gas and Minerals - Releases

State:

Multi-State

County:

Collin

Control #:

US-OG-1111

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Description

This form is a release of judgment lien for abstract of judgment. Collin Texas Release of Judgment Lien — Abstract of Judgment is a legal process that involves the removal or satisfaction of a judgment lien filed against a property located in Collin County, Texas. A judgment lien is usually filed by a creditor to secure and enforce payment of a debt owed by the property owner. Once a judgment lien is satisfied, the Release of Judgment Lien or Abstract of Judgment is issued, which removes the lien from the property title. In Collin County, Texas, there are different types of Release of Judgment Lien — Abstract of Judgment, based on the specific circumstances and requirements of the situation: 1. Voluntary Release of Judgment Lien: This type of release is executed when the creditor willingly releases the judgment lien after the debt is paid in full. The creditor files a Voluntary Release of Judgment Lien in the County Clerk's office to remove the lien from the property. 2. Certificate of Satisfaction: In some cases, a creditor may issue a Certificate of Satisfaction instead of a Release of Judgment Lien. This document states that the judgment amount has been paid in full, and it can be filed with the County Clerk to release the lien. 3. Judicial Release: If there is a dispute regarding the validity of the judgment or if the debtor files a motion to release the judgment lien, a judicial release may be required. In this case, a court order is obtained, stating that the judgment lien is released. 4. Partial Release of Judgment Lien: If the debtor partially satisfies the judgment, the creditor may file a Partial Release of Judgment Lien. This document removes the lien from a specific portion or property while keeping it in place for the remaining amount. The process of obtaining a Release of Judgment Lien — Abstract of Judgment in Collin County, Texas, involves filing the necessary documents with the County Clerk's office, paying any applicable fees, and providing proof of satisfaction or court order if required. It is important to follow the proper procedures and meet all the legal requirements to ensure a smooth and successful release of the judgment lien.

Collin Texas Release of Judgment Lien — Abstract of Judgment is a legal process that involves the removal or satisfaction of a judgment lien filed against a property located in Collin County, Texas. A judgment lien is usually filed by a creditor to secure and enforce payment of a debt owed by the property owner. Once a judgment lien is satisfied, the Release of Judgment Lien or Abstract of Judgment is issued, which removes the lien from the property title. In Collin County, Texas, there are different types of Release of Judgment Lien — Abstract of Judgment, based on the specific circumstances and requirements of the situation: 1. Voluntary Release of Judgment Lien: This type of release is executed when the creditor willingly releases the judgment lien after the debt is paid in full. The creditor files a Voluntary Release of Judgment Lien in the County Clerk's office to remove the lien from the property. 2. Certificate of Satisfaction: In some cases, a creditor may issue a Certificate of Satisfaction instead of a Release of Judgment Lien. This document states that the judgment amount has been paid in full, and it can be filed with the County Clerk to release the lien. 3. Judicial Release: If there is a dispute regarding the validity of the judgment or if the debtor files a motion to release the judgment lien, a judicial release may be required. In this case, a court order is obtained, stating that the judgment lien is released. 4. Partial Release of Judgment Lien: If the debtor partially satisfies the judgment, the creditor may file a Partial Release of Judgment Lien. This document removes the lien from a specific portion or property while keeping it in place for the remaining amount. The process of obtaining a Release of Judgment Lien — Abstract of Judgment in Collin County, Texas, involves filing the necessary documents with the County Clerk's office, paying any applicable fees, and providing proof of satisfaction or court order if required. It is important to follow the proper procedures and meet all the legal requirements to ensure a smooth and successful release of the judgment lien.

How to fill out Collin Texas Release Of Judgment Lien - Abstract Of Judgment?

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FAQ

Do Judgments Expire in Texas? Judgments awarded in Texas to a non-government creditor are generally valid for ten years but they can be renewed for longer. If a judgment is not renewed, it will become dormant. You can attempt to revive a dormant judgment in order to continue to try and collect the debt.

In the context of a civil case, abstract of judgement is a document disclosing a monetary award issued by the court in favor of a judgement creditor against a judgement debtor. It includes the rate of interest to be paid on the judgment amount, court costs, and any specific orders for the judgement debtor.

Admin October 25, 2021. An Abstract of Judgment is a public record, filed after the judgment is made, which details the judgment of a court case. It identifies the losing defendant, also known as the judgment debtor and the winning plaintiff, also known as the judgment creditor.

In California, the Abstract of Judgment is a Judicial Council form that can be downloaded from any court website (Form EJ-001). The form asks for information regarding the debtor's name, last known address, driver's license number, and the amount of money the debtor owes you.

The purpose of an abstract of judgment is to create a public record and create a lien or claim if necessary on any real estate owned or later acquired by the loser located in the county in which the abstract of judgment is recorded.

According to this law, a debtor must file an affidavit with the county to secure the release of a judgment lien against a primary residence. The debtor must first provide a 30-day notice letter to the creator of the judgment, containing a copy of the affidavit the debtor intends to file.

A judgment can remain on your credit report as long as it is valid or active. In Texas, judgments are valid (active) for at least 10 years and they can be renewed for another 10 years after that, and then another 10 year after that, and so on, indefinitely.

An abstract of judgment is a written summary which states how much money a losing defendant owes to the winning plaintiff in a lawsuit. This person who won the lawsuit and is owed the debt is the judgment creditor. The person who lost the lawsuit and owes the debt is the judgment debtor.

The debtor must get a discharge or release of the abstract of judgment to remove the lien from the home. Contact the judgment creditor shown on the abstract. Arrange to pay the debt in full or negotiate payments. Ask the creditor for a discharge if paying in full.

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Full Satisfaction of Judgment — Once the form is filled out, it must be filed with the clerk of the court that issued the original money judgment. Pursuant to Va. Code § 8.Abstract of judgment will show up during a title or lien search and will require the debtor to pay off the. Appeal shall be taken to the Arkansas Supreme Court or. Court of Appeals in the same manner as an appeal from any other judgment of the circuit court. Abstract document recorded with the County Clerk in the property of Judgment records giving public notice of a judgment lien. Full Satisfaction of Judgment — Once the form is filled out, it must be filed with the clerk of the court that issued the original money judgment. Pursuant to Va. Code § 8. Abstract of judgment will show up during a title or lien search and will require the debtor to pay off the. Appeal shall be taken to the Arkansas Supreme Court or.

Collin Texas Release of Judgment Lien - Abstract of Judgment

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