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Pennsylvania Assignment of Lien - Individual

Pennsylvania Assignment Of Judgment

Category:

Liens - Construction - Mechanics

State:

Pennsylvania

Control #:

PA-07-09

Format:

Instant download

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Description

This Assignment of Lien form is for use by an individual lienor who furnished or supplied labor, materials, or laborers for the purpose of improvements to real property to provide notice that the lienor assigns his or her claim and lien for the value of labor, materials, or laborers supplied to a designated person who shall have all the rights and remedies under law to which the lienor is entitled subject to all defenses thereto that might be made if such assignment had not been made, for the purpose of filing and for the enforcement of the lien.

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FAQ

Enforcing a judgment in Pennsylvania involves several steps that include obtaining a writ of execution. After securing this writ, you can direct the sheriff to seize the debtor's assets. You may also want to explore the benefits of a Pennsylvania assignment of judgment, as this option lets you transfer your rights to a third party for enforcement, potentially increasing your chances of recovering what you are owed. Using resources like UsLegalForms can help you navigate these requirements efficiently.

To enforce a judgment in Pennsylvania, you typically begin by filing a writ of execution. This legal document allows you to seize the debtor's property or assets to satisfy the debt. It's important to follow the required procedures carefully to ensure compliance with Pennsylvania law. Additionally, consider utilizing a Pennsylvania assignment of judgment, which can streamline the process by allowing you to assign your judgment to another party.

Buying a house with a judgment against you in Pennsylvania can be challenging but not impossible. While a judgment may affect your creditworthiness and mortgage options, it does not automatically disqualify you from purchasing property. You should consult with both a real estate agent and a financial advisor to discuss your options. Moreover, understanding the Pennsylvania assignment of judgment may help clarify your financial standing during this process.

An assignment of judgment is a legal action in which a creditor transfers their right to collect a judgment to another party. This is commonly used in Pennsylvania to enhance collection efforts by allowing a new entity to pursue the original debt. The assigning creditor receives compensation while the assignee takes on the role of collector. Exploring this option can be beneficial for those involved in debt recovery processes.

To file a judgment in Pennsylvania, begin by obtaining a court order against the debtor. You must complete the necessary forms and submit them to the appropriate court along with any required fees. After the court processes your filing, the judgment will be officially recorded, allowing for collection actions like an assignment of judgment if necessary. Consider using UsLegalForms to find and complete the right forms for your situation.

In Pennsylvania, the three main types of judgment include default judgment, summary judgment, and consent judgment. A default judgment occurs when the defendant fails to respond to a complaint, while a summary judgment is granted when there is no dispute over material facts. Lastly, a consent judgment arises when both parties agree to a judgment without going through a trial. It is essential to be aware of these types when dealing with the Pennsylvania assignment of judgment.

An assignment of judgment is a legal transfer of the right to collect a judgment from one party to another. In Pennsylvania, this process allows the original creditor to assign their rights to a third party, often a collection agency or another creditor. This means that the new party now has the authority to collect the debt, following Pennsylvania laws. Understanding this process can help you navigate your legal options effectively.

In Pennsylvania, the statute of limitations for collecting on a judgment is generally 5 years. This means you can actively pursue collection during this period after the judgment is entered. If you do not collect within this time frame, you may need to renew the judgment, which can be done through a Pennsylvania assignment of judgment. Utilizing services like US Legal Forms can simplify this process and help ensure you follow the correct procedures for collection.

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Assignment of Lien - Individual

Note: This summary is not intended to be an all inclusive discussion of Pennsylvania's construction or mechanic's lien laws, but does include basic provisions.

What is a construction or mechanic's lien?

Every State permits a person who supplies labor or materials for a construction project to claim a lien against the improved property. While some states differ in their definition of improvements and some states limit lien claims to buildings or structures, most permit the filing of a document with the local court that puts parties interested in the property on notice that the party asserting the lien has a claim. States differ widely in the method and time within which a party may act on their lien. Also varying widely are the requirements of written notices between property owners, contractors, subcontractors and laborers, and in some cases lending institutions. As a general rule, these statutes serve to prevent unpleasant surprises by compelling parties who wish to assert their legal rights to put all parties who might be interested in the property on notice of a claim or the possibility of a claim. This by no means constitutes a complete discussion of construction lien law and should not be interpreted as such. Parties seeking to know more about construction laws in their State should always consult their State statutes directly.

Who can file a lien in this State?

Pennsylvania law permits contractors and subcontractors to claim a lien for labor or materials furnished in the erection or construction, or the alteration or repair of the improvement, provided that the amount of the claim shall exceed five hundred dollars ($500).

How long does a party have to file a lien?

Parties seeking to claim a lien must do so with the filing of a Lien Claim form within four (4) months of the claimant's last work. Thereafter, a lien claimant has two (2) years to bring an action to enforce the lien.

What kind of notice is required prior to filing a lien?

Subcontractors involved in the alteration or repair of property must file a Preliminary Notice of Intent to File Lien prior to the completion of work. Thereafter all subcontractors, even those involved in alteration or repair, must file a Formal Notice of Intent to File Lien at least thirty (30) days before a Lien Claim is filed.

By what method is a lien filed in this State?

A Lien Claim form is filed with the prothonotary of the county where the property is situated, and must be filed within four (4) months of the completion of work. Written notice of the filing must be served on the property owner within one (1) month after filing and recorded within twenty (20) days of service.

How long is a lien good for?

An action to obtain judgment upon a claim filed shall be commenced within two (2) years from the date of the filing.

Are liens assignable?

Pennsylvania statutes on construction liens do not specifically speak to whether liens may be assigned to other parties.

Does this State require or provide for a notice from subcontractors and laborers to property owners?

Yes. Subcontractors are required in some cases to provide two notices to the property owner in the form of a Preliminary Notice of Intent to File Lien for alterations and repairs and a Formal Notice of Intent to File Lien. In addition, Pennsylvania law provides that a contractor or subcontractor can issue a written waiver of all lien claims to the property owner.

Does this State require or provide for a notice from the property owner to the contractor, subcontractor, or laborers?

Pennsylvania law provides for a notice from the property owner to the contractor advising the contractor that a subcontractor has provided the owner with notice that a lien may be filed. The notice also demands that the contractor pay the claim or undertake to defend it.

Does this State require a notice prior to starting work, or after work has been completed?

No. Pennsylvania statutes do not require a Notice of Commencement or a Notice of Completion as required in some other States.

Does this State permit a person with an interest in property to deny responsibility for improvements?

No. Pennsylvania statutes do not have a provision which permits the denial of responsibility for improvements.

Is a notice attesting to the satisfaction of a lien provided for or required?

No. Pennsylvania statutes do not provide for or require that a lien holder who has been paid produce or file a notice to that effect.

By what method does the law of this State permit the release of a lien?

As stated above, Pennsylvania statutes have no specific provision for the release of a lien, other than the automatic dissolution that occurs if suit to enforce the lien is not brought within two (2) years. However, Pennsylvania law does permit a contractor or property owner to issue a written notice to a subcontractor demanding that the subcontractor file a lien claim within thirty (30) days of receipt of the notice or forever be barred from doing so.