Judgement Lien Foreclosure In Cuyahoga
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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.
The judgment lien is not going to impact a homesteaded property so the mortgage lender would be able to obtain a first lien on your property. So, as long as you otherwise qualify for a mortgage, the judgment lien should not be a problem.
This means that the government has 15 years to collect the taxes owed before the lien expires. Judgment lien: In Ohio, a judgment lien can be valid for up to 5 years. However, the lien can be extended for an additional 5 years if the creditor files a renewal notice before the expiration of the original lien.
A judgment lien on real estate remains in effect for five years. You may not be able to collect a judgment right away through a judgment lien on real estate, but it will ensure that the property cannot be sold or refinanced within the next five years without dealing with your lien.
To date, all 88 counties in Ohio provide for mediation in foreclosure cases (see “Ohio Foreclosure Mediation Contact Information by County).
A mediator “facilitates” or helps parties talk, but doesn't decide for them or tell them what they must do. However, a mediator can evaluate the strengths and weaknesses of each party's case. You may want the mediator to do that to help you decide for yourself what you should do.
As part of the decree of foreclosure, the purchaser at the judicial sale is awarded a "writ of possession.” This allows the purchaser to evict the former owners of the home without the need to file a separate eviction case.
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. However, the second mortgage debt and creditor's judgment remain, even though they're no longer attached to the foreclosed property.
(Cal. Civ. Code § 5680). So, depending on the recording date, a first-mortgage lien might remain on the property following an HOA's foreclosure; the purchaser at the foreclosure sale takes the property's title subject to the lien of the first-mortgage holder.
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. However, the second mortgage debt and creditor's judgment remain, even though they're no longer attached to the foreclosed property.
