Oregon Release of Certain Real Property From Judgment
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How to fill out Oregon Release Of Certain Real Property From Judgment?
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FAQ
Oregon judgments expire after 10 years from the date of entry by a court, unless a creditor (i.e., you or your attorney) files a certificate within that 10 year time period to have enforcement of the judgment extended for another 10 years.
Once a judgment has been entered in California, it can be renewed indefinitely every 10 years. An enforceable judgment may be renewed for a period of 10 years so long as the renewal is filed before expiration of the judgment.
In California, a judgment lien can be attached to the debtor's real estate -- meaning a house, condo, land, or similar kind of property interest -- or to the debtor's personal property -- things like jewelry, art, antiques, and other valuables. (In some states, judgment liens can be attached to personal property only.)
A Satisfaction of Judgment or Release and Satisfaction is a legal document that shows that the plaintiff has been paid all that he or she is owed, based upon the original judgment against the defendant.
Potentially, a judgment can effectively become permanent; many states allow creditors to renew their judgments. So, if a creditor gets a court order or files an affidavit or other document, it can renew the judgment for another cycle. In some states, creditors are allowed to renew a judgment once or twice.
How long does a judgment lien last in Oregon? A judgment lien in Oregon will remain attached to the debtor's property (even if the property changes hands) for ten years.
Judgments and Enforcement: A judgment rendered by the court of the State of Oregon is enforceable for a period of ten (10) years. (ORS 12.070.) Such enforcement period may be extended if action is taken to renew the judgment prior to the expiration of the ten (10) years.
California allows the judgment to last ten years and it can be renewed for an additional ten years if the creditor files the required forms in a timely fashion.
