This form is a sample letter in Word format covering the subject matter of the title of the form.
Judgment Lien On Personal Property Without Paying For It In Kings
Category:
State:
Multi-State
County:
Kings
Control #:
US-0025LTR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
Yes, a lien may be placed on property that is jointly owned. However, the effects of that lien depend on the type of ownership that the property is under. Before discussing the terms of joint ownership, it's important that you understand exactly what liens are and what they may mean for you and your investment.
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 have 4 months to lien a residential project and 8 months to lien a commercial project measured from the last date you provided labor, materials or equipment to "improve the real property." You should contact a construction lawyer for further assistance, and definitely have a property ownership search done before ...
Personal Property Execution If a Judgment Creditor knows that the Judgment Debtor owns a car, truck, motorcycle or other personal property of significant value, the Judgment Creditor may file a Property Execution.
There are only three ways in which a judgment can be made to go away: paying the debt, vacating the judgment or discharging the debt through bankruptcy.
Negotiation can also help to create a more favorable outcome for the lien holder, such as a faster repayment or reduced legal fees. Negotiating liens can be a challenging process, but with the right skills and approach, it is possible to succeed.
A judgment is good for 20 years, but if the plaintiff wants to enforce the judgment against land it is only good for 10 years unless the plaintiff renews it for another 10 years.
