Judgment Lien In Texas In Franklin

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

Description

The Judgment lien in Texas in Franklin is a legal form that documents a judgment obtained against one or more parties and establishes a lien on their real property in Franklin County. This form is essential for ensuring that the judgment remains enforceable against any real estate owned by the debtor. Key features include the identification of the parties involved, the description of the judgment, and the specific property affected. To fill out the form, users must provide relevant details such as names, addresses, and the date of judgment. Editing instructions suggest that the document should be adapted to fit individual circumstances as necessary. Attorneys, partners, owners, associates, paralegals, and legal assistants can utilize this form to protect their interests in real property and ensure that judgments are recorded accurately. Additionally, this form facilitates further action to enroll the judgment in other counties where the debtor may have assets, thereby maximizing enforcement opportunities. Overall, it is a crucial tool for managing and securing legal claims against real estate.

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FAQ

Judgments awarded in Texas to a non-government creditor are generally valid for ten years but can be renewed for longer. If a judgment is not renewed, it will become dormant. A creditor can request to revive a dormant judgment to continue to try and collect the debt.

A judgment lien remains in force for up to 10 years from the date the abstract was recorded. Note, importantly, that if a judgment goes dormant (see below), any judgment lien based upon that judgment is extinguished. You can revive a dormant judgment, but then you'll have to get new judgment liens.

With Texas Easy Lien, you can prepare your own construction lien and bond claim documents online. No expensive attorney, finding a notary or waiting. Within minutes, you can do it yourself and save thousands of dollars.

To file a lien claim, you will need: Property owner's name (or company name) and mailing address. Project address and the county where it is located. The amount owed for each month you performed the work that remains unpaid. A brief description of the work you performed.

A Notice of Intent to Lien is a formal warning sent to property owners and general contractors that a mechanic's lien may be filed if payment for work or materials is not received. This critical document, also known as a pre-lien notice, is often the first step in how to file a lien for unpaid work in Texas.

Checklist to File a Contractor Lien in Texas A sworn statement of the amount owed. Name and address of owner. A general statement of the work done and/or materials supplied and a statement of what months the work and/or materials were provided.

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Judgment Lien In Texas In Franklin