Release Of Judgment Form Foreclosure
Description
How to fill out Indiana Plaintiff's Petition To Release Judgment?
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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.
