This form is a sample letter in Word format covering the subject matter of the title of the form.
Judgment Against Property For Sale In Middlesex
Category:
State:
Multi-State
County:
Middlesex
Control #:
US-0025LTR
Format:
Word;
Rich Text
Instant download
Description
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FAQ
In a debt collection lawsuit, a judgment is a court order that allows the debt collector to use stronger tools, like garnishment, to collect the debt. A judgment is an official result of a lawsuit in court.
Judgments in New Jersey remain in effect for 20 years and may be renewed for an additional 20 years by filing a motion in the Superior Court, Law Division, Civil Part and/or in the Special Civil Part if the Special Civil Part case was assigned a DJ or J docket number.
Most creditors will file the release of judgment within 30-60 after you finish paying them. What if I need the judgment released immediately (“I'm supposed to close next week!”)? You can ask them to give you the release sooner. They might do it; they might not.
Judgements can become a first lien against a property. Lenders generally want to be first lien when it comes to mortgages. So yes, it will be deal breaker for most mortgage companies. I've seen mortgages get denied because of a $6000 judgement.
Judgments in New Jersey remain in effect for 20 years and may be renewed for an additional 20 years by filing a motion in the Superior Court, Law Division, Civil Part and/or in the Special Civil Part if the Special Civil Part case was assigned a DJ or J docket number.
Generally, a lien of judgment expires six years after the entry of judgment unless revived.
Judgements can become a first lien against a property. Lenders generally want to be first lien when it comes to mortgages. So yes, it will be deal breaker for most mortgage companies. I've seen mortgages get denied because of a $6000 judgement.
All judgments and court records are filed in the County Clerk Office in the County where the lawsuit was filed. You can go in person to the County Clerk Office in the County where you live to ask if a judgment has been entered against you. Most counties also allow you to search online.
More info
Request to have the judgment recorded as a lien against any real estate the debtor owns. Go to the Court that entered the judgment to pay the Filing Fee to get a Transcript of Judgment.The Sheriff Sale process in Middlesex County, NJ begins when your mortgage lender obtains a Writ of Execution following a final judgment in a foreclosure. The person who purchased the lien will receive a legal document referred to as a "tax certificate" which must be recorded with the Middlesex County Clerk. If you are facing a foreclosure in NJ and you are concerned about a Middlesex County deficiency judgment, contact Ira J. Metrick today. To view upcoming and current Sheriff's foreclosures sales, please click the 'Access Sales Listings' button below. Problems may arise regarding financing, the condition of the property or the closing date. When someone dies owning real estate in their name only, ownership of the property must go through the probate process. Any child support not paid becomes a judgment against the payor. When a court rules you owe a debt in NY, creditors can place a judgment lien on your nonexempt property.
