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 King
Category:
State:
Multi-State
County:
King
Control #:
US-0025LTR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
An involuntary lien can occur without your knowledge, depending on the circumstances. A creditor often places a judgment lien after suing you and winning the case.
Property taxes and local assessments always have the highest priority. Lien priority is then established by the date the lien was recorded.
A general rule in property law says that whichever lien is recorded first in the land records has higher priority over later-recorded liens. This rule is known as the "first in time, first in right" rule. As with almost every other rule, this rule has some exceptions.
The most common type of lien is what's usually referred to as a Mechanic's Lien. Sometimes called "construction liens," "laborer liens," or "artisan's liens," they are filed by contractors, subcontractors, or construction firms.
The most common examples for voluntary liens are mortgages on a home and liens placed on cars that are financed. Voluntary liens can be placed on any type of property with value. The point of the voluntary lien is for a lender to secure collateral for a debt or service rendered.
You do not have to have a contract to file a mechanic's lien. However, you do need to be a licensed contractor. If you are licensed, then you can record the lien within 90 days of finishing the project, regardless of whether you had a written contract.
Judgment creditors have the ability to create liens encumbering debtors' real property in Orange County and throughout California. Creditors should record real property liens immediately, as doing so is inexpensive and can be quite effective.
To determine if a lien has been filed against you, come into the Office of the Clerk Recorder or online at . The website will allow you search the index. ing to California State Law, documents can only be viewed in the Clerk Recorder office.
More info
Form must be filled out and notarized at the time of filing. A judgment lien attaches to the debtor's afteracquired property provided the judgment is docketed in the same county as the real property.A judgment lien is a court ruling giving a creditor the right to take possession of a debtor's property if the debtor doesn't fulfill their obligations. You can't pay bills with a judgment: How to turn a court victory into a judgment lien, and use it to collect from your customer's property. A property lien is a legal form of debt secured against an asset. They may be voluntary such as mortgage loans or involuntary like statutory and judgment liens. A money judgment becomes a lien on the judgment debtor's real property. It secures a priority for the judgment creditor when the judgment is docketed. Not all states allow judgment liens on personal property, so be sure to check the laws that apply in your area before filing a lien. Note that judgments are enforceable against real property for ten years and twenty years against personal property.
