Judgment Lien Form Michigan In Fulton

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

Description

The Judgment Lien Form Michigan in Fulton serves as a critical legal document for recording a judgment lien on real property in the state of Michigan. This form is particularly useful for attorneys, paralegals, and legal assistants who require a clear and organized method for informing relevant parties about a judgment that has been placed against an individual or entity. Key features of the form include sections for detailing the judgment creditor and debtor, the jurisdiction where the judgment is recorded, and the real property affected by the lien. Filling out the form involves entering accurate details such as names, addresses, and the date of judgment enrollment, ensuring clarity and compliance with legal standards. It is recommended that the form be reviewed carefully before submission to prevent errors that could lead to complications. Specific use cases for this form include securing a creditor's interest in a debtor's property, notifying other jurisdictions where the debtor may own property of the lien, and assisting in the collection of debts. Overall, this form is an essential tool for legal professionals to safeguard their clients’ financial rights while maintaining proper documentation and communication with involved parties.

Form popularity

FAQ

Key Takeaways. 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. Judgment liens are nonconsensual because they are attached to property without the owner's consent or agreement.

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.

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.

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.

Creditors typically acquire property liens through your voluntary consent. On the other hand, creditors get judgment liens after winning a lawsuit against you for a debt you owe.

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

Judgment Lien Form Michigan In Fulton