This is a Plaintiff's Petition to Release Judgment to be used in the Small Claims Court for the State of Indiana. In the pleading, a Plaintiff petitions the court to release the judgment entered against the defendant(s).
Release Of Judgment Form Foreclosure
State:
Indiana
Control #:
IN-034-SC
Format:
Word;
Rich Text
Instant download
Description
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FAQ
Foreclosure Eliminates Liens, Not Debt Following a first-mortgage foreclosure, all junior liens (including a second mortgage and any junior judgment liens) are extinguished, and the liens are removed from the property's title.
New Jersey is a judicial foreclosure state which means that if you default on your mortgage, the lender must go to court in order to repossess your home. (Some states use nonjudicial foreclosures, which do not go through court.)
Foreclosure tends to clear up all liens that are junior to the foreclosing lien but not liens that are senior to it. For instance, the foreclosure would not clear a property tax lien. If the lender doesn't pay off that tax lien, it would be passed on to the next property investor.
2nd and junior position mortgages, such as home equity loans, etc.Credit Card Judgments recorded after the foreclosing mortgage.Personal Judgments recorded after the foreclosing mortgage.Mechanic's Liens recorded after the foreclosing mortgage.More items...
Florida residents have a 10-day redemption period to buy back a property after a foreclosure sale is complete. It is fundamental to understand that the purpose behind Florida's statutory redemption period is to guarantee that foreclosed properties are sold at a fair price.
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Effective immediately all foreclosure final judgments submitted to the trial courts of the. (f) An affidavit filed under Subsection (b) must be in substantially the following form: HOMESTEAD AFFIDAVIT AS RELEASE OF JUDGMENT LIEN.The judgment creditor must record a Satisfaction of Judgment or alternative form of release of the lien. Property proves inadequate to satisfy the mortgage debt in full. 'Since the entry of a judgment of foreclosure precludes any further common law proceedings. Final Judgment (format to comply with the requirements for recorded documents with 3 x 3 space and Florida Rules of Civil Procedure Form 1. (b) The formula to calculate a deficiency judgment is the final judgment of foreclosure total debt minus the fair market value of the property. If the creditor chooses not to wait for you to sell or refinance the property, the creditor can try to "foreclose" on the judgment lien. Complete these steps to get a Judgment Lien on real estate:
