Judgment Lien Form Michigan In Allegheny

State:
Multi-State
County:
Allegheny
Control #:
US-0025LTR
Format:
Word; 
Rich Text
Instant download

Description

The Judgment Lien Form Michigan in Allegheny is a legal document used to create a lien against a debtor's real property following a court judgment. This form is essential for attorneys, partners, owners, associates, paralegals, and legal assistants who need to secure a legal claim on property owned by a judgment debtor. Key features of the form include the identification of the parties involved, details of the judgment, and the specific property to which the lien applies. Users must accurately fill in the names of the judgment debtor, the relevant real property details, and date of enrollment. It is important to edit the document to fit specific situations by adding pertinent information and ensuring clarity before submitting it to the appropriate county office. This form is particularly useful in facilitating the collection of owed debts, as it enables creditors to protect their financial interests by making the debt public. It also aids in tracking the debtor's assets for potential recovery. Overall, the Judgment Lien Form serves as a critical tool in the legal process for securing judgments effectively.

Form popularity

FAQ

First, if no lawsuit is filed within a year, the homeowner can obtain a certificate from the circuit court clerk confirming that no lawsuit has been filed and the lien is removed by recording the clerk certificate with the register of deeds. The second way is through a bonding-off process.

2809. (1) Unless subsection (2) or (3) applies, a judgment lien expires 5 years after the date it is recorded. (2) Unless subsection (3) applies, if a judgment lien is rerecorded under subsection (4), the judgment lien expires 5 years after the date it is rerecorded.

Judgment liens may simply be filed and recorded by an attorney. There is no personal confrontation with the defendant and no personal property is seized. Service of the judgment lien on the judgment debtor is by certified mail if the judgment is less than $25,000.

Creditors typically acquire property liens through your voluntary consent. On the other hand, creditors get judgment liens after winning a lawsuit against you for a debt you owe.

A contractor, subcontractor, supplier, or laborer who provides an improvement to real property may acquire a construction lien under the Michigan Construction Lien Act (CLA).

A judgment creditor can file a lien with the court 22 days after the judgment is entered against the debtor, provided that the debtor has not appealed or moved to set the judgment aside. The lien is then sent to the register of deeds for recording in the county where the debtor lives.

A judgment lien is a court ruling that gives a creditor the right to take possession of a debtor's property if the debtor fails to fulfill their contractual obligations. Judgment liens are nonconsensual because they are attached to property without the owner's consent or agreement.

Interested persons can search for judgement liens against real property in Michigan by querying the local Register of Deeds office in the county where the property is located.

Trusted and secure by over 3 million people of the world’s leading companies

Judgment Lien Form Michigan In Allegheny