This form is a sample letter in Word format covering the subject matter of the title of the form.
Judgment Lien Forms Foreclose In Montgomery
Category:
State:
Multi-State
County:
Montgomery
Control #:
US-0025LTR
Format:
Word;
Rich Text
Instant download
Description
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FAQ
Generally, to file a judgment lien, an abstract of judgment must be issued by the justice court. Some justice courts have a form available on their website to request an abstract of judgment.
What Do You Do When There Is A Judgment Lien On Your Property, But The Judgment Has Expired? Judgments have expiration dates. If they are not timely renewed, they expire. In CA that is 10 years.
(Be aware that foreclosures eliminate liens, not debts. The second mortgage holder might sue you, or the judgment lien holder might put a lien on other property you own or try to collect the debt you owe by garnishing your wages or levying your bank accounts.)
This is a breakdown of the steps involved in foreclosing on a lien. File a mechanics lien. Filing a mechanics lien is the actual first step in the lien foreclosure process. Send notices. Hire a lawyer. Prepare your case. File your case. Serve the owners. Wait for your day in court. Collect on your judgment.
Creditors typically acquire property liens through your voluntary consent. On the other hand, creditors get judgment liens after winning a lawsuit against you for a debt you owe.
During the 5 week notice period, the homeowner can stop the foreclosure by making-up all missed payments (including late fees and attorney costs) or working with an attorney to stop the foreclosure process. The only time it is too late to stop a foreclosure is when the property is sold at auction to a new party.
In Alabama, lenders do not have to sue you in court first in order to foreclose on your property. Lenders do have to publish the foreclosure date in a local newspaper for three consecutive weeks prior to the foreclosure sale. You may also receive a letter from your lender advising you of their intentions.
To respond to the Mortgage Foreclosure Summons, you actually must respond to the ``Complaint'' which was attached to the Summons. You file a response called an ``Answer'' that responds - paragraph by paragraph - to the claims about you in the Complaint.
