Notice Of Judgment Lien Michigan In Collin

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

Description

The Notice of Judgment Lien Michigan in Collin serves as a formal document that notifies relevant parties of a judgment lien against real property. This lien is initiated once a judgment has been enrolled in the county, impacting all real estate owned by the individuals named in the judgment. The form includes sections for date, names of the parties involved, and the county where the lien is recorded. Users should complete the form with accurate details and ensure the judgment is filed in all relevant jurisdictions, especially if properties exist in multiple counties. This notice is crucial for attorneys, partners, owners, associates, paralegals, and legal assistants as it aids in property law compliance and helps protect clients' interests in existing or impending property transactions. Key instructions emphasize the importance of confirming property ownership in other counties to broaden the reach of the lien. The form should be adapted as needed to reflect the user's particular facts and circumstances, emphasizing the necessity for clarity and precision in the document's language.

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FAQ

600.6051. A Judgment lien attaches to all property owned by the judgment debtor in the county where it is recorded. It attaches at the time it is recorded with the register of deeds, except for after-acquired property, when it attaches at the time it is acquired by the judgment debtor. 600.2803.

Expiration and discharge, Section 2809: A judgment lien is valid for five years and may be renewed for an additional five years. Furthermore, it can be discharged by the judgment creditor, by the filing of a satisfaction of judgment, by the judgment debtor, by affidavit and proof of payment, or by order of the court.

600.6051. A Judgment lien attaches to all property owned by the judgment debtor in the county where it is recorded. It attaches at the time it is recorded with the register of deeds, except for after-acquired property, when it attaches at the time it is acquired by the judgment debtor. 600.2803.

The landowner can contact the county clerk to facilitate its removal if no lawsuit is filed within a year to foreclose the lien. An owner can remove a construction lien through a bonding-off process.

Satisfy the Judgment: Paying the debt in full is the most straightforward way to remove the lien. Obtain a satisfaction of judgment from the creditor and file it with the court.

(1) The claim of lien of a contractor, subcontractor, supplier, or laborer may at any time be vacated and discharged if a bond, with the lien claimant as obligee, is filed with the county clerk for the county in which the property covered by the lien is located and a copy is given to the obligee lien claimant.

Expiration and discharge, Section 2809: A judgment lien is valid for five years and may be renewed for an additional five years. Furthermore, it can be discharged by the judgment creditor, by the filing of a satisfaction of judgment, by the judgment debtor, by affidavit and proof of payment, or by order of the court.

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.

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Notice Of Judgment Lien Michigan In Collin