Notice Judgment Lien Form For Property In Fulton
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FAQ
The Notice of Entry of Judgment (SC-130) is a court form that states the judge's decision. This form also tells you about your rights and lists the date the form was mailed to you. This date is very important. You have only 30 days from this date to file a motion to vacate the judgment or appeal the judge's decision.
Judgements can become a first lien against a property. Lenders generally want to be first lien when it comes to mortgages. So yes, it will be deal breaker for most mortgage companies. I've seen mortgages get denied because of a $6000 judgement.
If your debt judgment is unpaid, it will form an immediate lien if you buy a house. So no mortgage lender will lend. At closing time they'll find it you also need to disclose the judgment in the application. Failing to do so is misrepresentation.
In Georgia, claimants must file a mechanics lien within 90 days from last date of furnishing labor or materials to the project. In Georgia, all lien claimants must initiate the enforcement of the lien within 365 days from the date on which the lien was filed.
Obtain the lien release form: You can typically find lien release forms online on state government websites or through legal document providers. Make sure you have the correct form for your specific situation.
In Georgia, a judgment lien can be attached to the debtor's real estate -- meaning a house, condo, land, or similar kind of property interest -- or to the debtor's personal property -- things like jewelry, art, antiques, and other valuables.
To attach a lien to real estate, the creditor records the judgment with the superior court clerk in the Georgia county where the debtor has real estate now or may have real estate in the future.
And a homeowner may find it difficult to sell any property that has a lien against it. Prospective buyers may avoid a property to which someone else has a claim.
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.
