Judgment Against Property With Find In Minnesota
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FAQ
It also highlights the responsibilities and rights in regards to the debt for both you and any creditors. Judgments used to appear on your credit report as a negative item or derogatory remark, meaning they would only fall off your report after 7 years.
Garnishing Your Wages If you do not object within ten days, your wages can be garnished. If you are eligible for and wish to claim an “exemption” from garnishment, it is important that you complete and return the necessary paperwork, which can be submitted anytime during the garnishment.
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.
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.
And some states also allow judgment liens on the debtor's personal property -- things like jewelry, art, antiques, and other valuables. In Minnesota, a judgment lien can be attached to real estate only (such as a house, land, or similar property interest).
After you win a judgment, you must then have the judgment docketed. This process is sometimes called “transcribing the judgment.” You can docket a judgment by filing an Affidavit of Identification of Judgment Debtor form with court administration in the county where you were awarded the judgment.
You can look at your credit report at .annualcreditreport or you can go to the local clerk for the courts and search the county database. If there are judgments in other jurisdictions you would have to look there as well.
Minnesota law protects some earnings for a limited period of time. Certain pensions, annuities or similar retirement or disability benefits may also be protected if they meet specific tax requirements or have a present value of $75,000 or less.
With respect to personal property, most states have specific exemptions for specific types of property. Most protect typical household goods, health aids, clothing, and a motor vehicle up to a certain value. Federal law protects Social Security and disability benefits from debt collectors (with or without a judgment).
