Judgment Against Property For Debt In Massachusetts

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

Description

The Judgment Against Property for Debt in Massachusetts is a legal document that establishes a lien on real property owned by a debtor, ensuring that creditors have a claim to the property until the debt is settled. This form is particularly useful for individuals and entities looking to secure their financial interests in cases of unpaid debts. Key features include the ability to enroll the judgment in multiple counties, thereby extending its effect across different jurisdictions. Filling out the form requires basic information such as the names of the debtor and creditor, as well as property details. It is important to review the document carefully for accuracy before submission. Attorneys, partners, owners, associates, paralegals, and legal assistants will find this form beneficial as it helps in protecting their financial rights and enforcing judgment collection while ensuring compliance with Massachusetts law. The form can also serve as a communication tool when notifying other parties involved, thus facilitating further legal actions if necessary.

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FAQ

Examples of what you can exempt under Massachusetts law include: Up to $500,000 equity in your home or $1 million for two who are disabled or elderly. $7,500 exemption for your vehicle or up to $15,000 for the handicapped or elderly. Your clothing and bedding.

Debt collectors cannot harass or abuse you. They cannot swear, threaten to illegally harm you or your property, threaten you with illegal actions, or falsely threaten you with actions they do not intend to take. They also cannot make repeated calls over a short period to annoy or harass you.

A lien which results from a judgment shall terminate not later than twenty years from the date it was created.

Judgment Liens on Your Massachusetts Property Find the Registry of Deeds for your county and search county land records under the address where the property is located in Massachusetts as well as under the possible names of the people who own, or who you think own, that property.

Old (Time-Barred) Debts In California, there is generally a four-year limit for filing a lawsuit to collect a debt based on a written agreement.

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Judgment Against Property For Debt In Massachusetts