Judgment Lien Forms With Mortgage In Montgomery
Description
Form popularity
FAQ
Yes, but somebody had to go to court to get the judgement. If you were legally served with a Summons & Complaint and didn't show up in Court a ``Default Judgement'' would be entered based on the Plaintiff's case. Being ``legally'' served doesn't always mean it was personally handed to you.
The most common ways you may find out that there are outstanding judgements against you in one of the following ways: letter in the mail or phone call from the collection attorneys; garnishee notice from your payroll department; freeze on your bank account; or. routine check of your credit report.
Collecting on a lien involves various steps, such as obtaining a court judgment, filing a lien against the debtor's property, and utilizing legal processes like foreclosure or sale of the property to satisfy the debt.
A creditor who obtains a judgment against you is the "judgment creditor." You are the "judgment debtor" in the case. A judgment lasts for 12 years and the plaintiff can renew the judgment for another 12 years.
It shows up on your credit report as well as on any background checks. The judgment is considered a lien against your property, including any real estate that you have, in the state in which the judgment is filed.
A mortgage is a specific, voluntary lien. It is specific to the piece of property and is voluntary because it was agreed to by the property owner. A judgment lien is an example of a general, involuntary lien. Judgment liens can be applied against any of an individual's assets.
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.
Rule 236 - Notice by Prothonotary of Entry of Order or Judgment (a) The prothonotary shall immediately give written notice of the entry of (1) a judgment entered by confession to the defendant by ordinary mail together with a copy of all documents filed with the prothonotary in support of the confession of judgment.
In South Carolina, a judgment lien can be attached to real estate only.
