This form is a sample letter in Word format covering the subject matter of the title of the form.
Notice Judgment Lien Form With Notary In Kings
Category:
State:
Multi-State
County:
Kings
Control #:
US-0025LTR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
A lien placed against property is a legal claim or right to someone's property, used to ensure the payment of a debt or obligation. There are three basic types of liens, including consensual, judgment, and, statutory. Consensual liens are voluntary, such as a mortgage lien, and are generally used to secure a debt.
Of the three types of liens (consensual, statutory, and judgment), the judgment lien is the most dangerous form, but one which the informed business owner may be able to eliminate. A judicial lien is created when a court grants a creditor an interest in the debtor's property, after a court judgment.
Imposed or non-voluntary liens, such as tax liens and mortgage liens, are common and can significantly impact property transactions. Non-imposed or voluntary liens, like judgment liens and mechanic's liens, also warrant attention for their potential influence on real estate transactions.
Generally, lien required w/in 8 months of last furnishing services. On single-family residential projects, w/in 4 months. In New York, a mechanics lien is generally effective for one year after its filing, and an action to enforce the lien must be initiated within that period of time.
If a Transcript of Judgment has been filed with the County Clerk, once the Debtor pays off the Judgment, the Creditor has a legal responsibility to prepare and sign a Satisfaction of Judgmentfor the benefit of the Debtor, so that all liens and record of Judgment can be removed from the County Clerk's office.
To conduct a New York property lien search by address: Visit or contact any of the following entities in person or through their websites: The county clerk's office or website. The tax assessor's office or website.
To file a notice of lien, you must complete the Public Improvement Lien Form. You must also sign and notarize both the Lien Form and the Affidavit of Service. You can submit everything to DOF by mail or in person.
The requirements are as follows: Notarized Affidavit of Defendant. Stating Sum for Which Judgment May be Entered. State County of Residence or Where Entry Authorized. State Facts Out of Which Debt Arose. Contingent liability. Entry of judgment.
The Satisfaction of Judgment form must be filed in the Court that entered the judgment, but if a Transcript of Judgment was filed in the County Clerk's office, it must be filed there; and. Mail a copy of the Satisfaction within 10 days to the debtor; and.
