This form is a sample letter in Word format covering the subject matter of the title of the form.
Judgment Lien On Personal Property With Mortgage In Cuyahoga
Category:
State:
Multi-State
County:
Cuyahoga
Control #:
US-0025LTR
Format:
Word;
Rich Text
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FAQ
2 And given that, under Ohio law, judgment liens do not attach to after-acquired property, this should not really be a title company issue, assuming it is clear as a matter of record that the tax debt was discharged.
A mortgage is a specific, voluntary lien. It is specific to the piece of property and is voluntary because it was agreed to by the property owner. A judgment lien is an example of a general, involuntary lien. Judgment liens can be applied against any of an individual's assets.
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.
Creditors know that putting a lien on your property is a cheap and almost guaranteed way of collecting the debt they're owed. In some states, contractors and subcontractors must notify the property owner before filing a lien, but in other states property liens can be filed without any notice to the owner.
Often, judgment liens are recorded after other types of liens, like mortgages, and are lower in priority.
And some states also allow judgment liens on the debtor's personal property -- things like jewelry, art, antiques, and other valuables. In Ohio, a judgment lien can be attached to real estate only (such as a house, land, or similar property interest).
Involuntary Liens On the contrary, an involuntary lien can be placed on a property regardless of whether the owner wants it on their property. In other words, an owner's property can be claimed against their will if payments aren't made in a specified time period.
A judgment lien can be placed after a creditor wins a lawsuit, and this can occur without direct notice to the property owner. Hidden liens are especially problematic as they are often discovered only when a property title search is conducted during refinancing or sale.
