Judgment Lien Form Michigan In Chicago

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

Description

The Judgment Lien Form Michigan in Chicago is a vital legal document used to secure a debt through a lien placed on a debtor's real property. This form is specifically tailored for instances where a judgment has been issued against individuals, allowing creditors to enroll the judgment in the related county. Key features include sections for detailed identification of the judgment debtor, the enrolled property, and jurisdictions where the judgment may apply. The form provides clear instructions for completion and emphasizes the importance of identifying additional counties where the debtor may own property. This is particularly useful for legal professionals such as attorneys, partners, owners, associates, paralegals, and legal assistants, who need to protect their clients' interests effectively and efficiently. These users can leverage the form to enforce claims and facilitate collections. Overall, the Judgment Lien Form serves as an essential tool in debt recovery processes in the legal framework of Michigan, particularly in the city of Chicago.

Form popularity

FAQ

How does a creditor go about getting a judgment lien in Illinois? To attach a lien, if the debtor's property is located in the same county where the judgment was entered, the creditor files the judgment with the county recorder.

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.

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.

To be able to put a lien, you need to sue on the debt, get a judgment and then record the judgment in the county where the property is located. The recorded judgment is a lien on the property!

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.

Collect Before the Judgment Expires A judgment from a Small Claims case expires six years after it is issued. Most other judgments in Michigan expire 10 years after they are issued. You can renew a judgment before it expires by filing a motion to renew a judgment.

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

Judgment Lien Form Michigan In Chicago