Judgment Against Property With Find In Michigan

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

Description

The Judgment Against Property with Find in Michigan is a legal document designed to outline the particulars of a judgment that has been enrolled and acts as a lien against real property. This form is essential for attorneys, partners, owners, associates, paralegals, and legal assistants who deal with property disputes or collection efforts. Key features include space for parties involved, details of the ruling, and information on the enrollment of the judgment in specific counties. Users must ensure accurate completion and provide any additional county information where the property may be located for further enrollment. The form is particularly useful in situations where a creditor seeks to ensure that debts are secured against a debtor's real estate assets. It communicates important information regarding the judgment’s impact on property ownership and serves as a basis for further legal action if needed. Clear and concise instructions are embedded to aid users in filling out and editing the document effectively, making it accessible even to those with limited legal experience.

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FAQ

2809. (1) Unless subsection (2) or (3) applies, a judgment lien expires 5 years after the date it is recorded. (2) Unless subsection (3) applies, if a judgment lien is rerecorded under subsection (4), the judgment lien expires 5 years after the date it is rerecorded.

Most court records are now in electronic format. Therefore the most convenient way to view court records is online through PACER. To view records online, you need a login and password from PACER.

Judgment liens may simply be filed and recorded by an attorney. There is no personal confrontation with the defendant and no personal property is seized. Service of the judgment lien on the judgment debtor is by certified mail if the judgment is less than $25,000.

A judgment from a Small Claims case expires six years after it is issued. Most other judgments in Michigan expire 10 years after they are issued.

(1) Unless subsection (2) or (3) applies, a judgment lien expires 5 years after the date it is recorded. (2) Unless subsection (3) applies, if a judgment lien is rerecorded under subsection (4), the judgment lien expires 5 years after the date it is rerecorded.

A judgment creditor can file a lien with the court 22 days after the judgment is entered against the debtor, provided that the debtor has not appealed or moved to set the judgment aside. The lien is then sent to the register of deeds for recording in the county where the debtor lives.

A judgment from a Small Claims case expires six years after it is issued. Most other judgments in Michigan expire 10 years after they are issued.

Exemptions in Michigan Up to $3,250 in equity for a single automobile. All clothing and family pictures. With few exceptions, all pension or retirement accounts. All health, life or casualty insurance proceeds. Up to $2,350 worth of tools, stock or materials that are necessary to carry on a trade, profession or business.

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Judgment Against Property With Find In Michigan