Phoenix Arizona Release of Judgment Lien

State:
Multi-State
City:
Phoenix
Control #:
US-OG-120
Format:
Word; 
Rich Text
Instant download

Description

If an owner of an interest in real property has had a judgment obtained against the owner, this form addresses a release of that judgment lien.

Phoenix Arizona Release of Judgment Lien is a legal procedure that releases a judgment lien from a debtor's property. A judgment lien is a court-ordered claim against a debtor's property to secure repayment of outstanding debts. When a judgment lien is filed against a property, it can hinder the property owner's ability to sell or refinance the property until the debt is settled. In Phoenix, Arizona, there are two types of Release of Judgment Lien: 1. Voluntary Release of Judgment Lien: This type of release occurs when the judgment creditor voluntarily removes the lien from the debtor's property. It usually happens when the debt is fully paid, settled, or no longer enforceable. 2. Judicial Release of Judgment Lien: In some cases, a debtor may file a motion with the court to request the release of a judgment lien. This can happen when the debt has been paid in full, but the creditor has failed to release the lien, or when the debtor can demonstrate that there are valid reasons for the judgment lien to be released. To initiate the Release of Judgment Lien process in Phoenix, Arizona, the debtor or their legal representative must prepare a written request or motion, providing detailed information about the judgment lien, the property, and the reason for seeking its release. The request should be filed with the same court that issued the judgment, along with any supporting evidence or documentation required. Once the court receives the request, it will review the documents and schedule a hearing if necessary. During the hearing, both parties may present arguments or evidence to support their position. The court will then make a decision on whether to grant the release of judgment lien. If the court grants the release, a formal order will be issued stating that the judgment lien is released, and a copy of this order should be filed with the County Recorder's Office where the original judgment lien was recorded. This will remove the lien from the debtor's property and restore their ability to sell or refinance it without hindrance. In summary, the Release of Judgment Lien process in Phoenix, Arizona provides a legal avenue for debtors to have a judgment lien removed from their property. Whether through a voluntary release by the creditor or a judicial release granted by the court, this process allows debtors to regain control over their property and move forward with their financial goals.

How to fill out Phoenix Arizona Release Of Judgment Lien?

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FAQ

It can take up to thirty days to receive the title and the lien release after the final payment. If you do not receive the lien release from your lender, your local DMV will most likely have specific forms to fill out.

How long does a judgment lien last in Arizona? A judgment lien in Arizona will remain attached to the debtor's property (even if the property changes hands) for five years.

What is a Judgement Release? A Satisfaction of Judgement is proof you paid what you owed. Without this document, it will be impossible to get a mortgage, secure a loan, buy a car, rent an apartment, or do anything else that requires you assume new credit. Without the form, collection efforts can also still continue.

A motion to vacate must be filed within a reasonable time. For reasons (1) and (2), the motion must be filed no more than 6 months after the entry of the judgment or date of the proceeding, whichever is later. (c) Providing the Motion to the Other Party and Time for Response.

How long does a judgment lien last in Arizona? A judgment lien in Arizona will remain attached to the debtor's property (even if the property changes hands) for five years.

A consensual lien is typically released by a deed of release and reconveyance and is usually the responsibility of the title insurance company, so removing this type of lien is simpler than others.

More info

Section 8: Expiration and Satisfaction of Judgments . Placing a judgment lien is simple.Action in Rem - An action in which judgment is sought against property to determine its status. Further, Arizona provides that any person entitled to a homestead exemption "holds the homestead property free and clear of the judgment lien. If a lien is on a paper title, it will appear in the space marked "Lienholders. Kivitz in the California Litigation. Apparently, GE Capital Corporation also had asserted a lien against the any judgment in Dr. Kivitz's favor. There are also tax, mechanic? The Phoenix and Tucson Business Services office will be open to the public only for Apostille requests BY APPOINTMENT ONLY on an expedited basis.

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Phoenix Arizona Release of Judgment Lien