Judgment Lien Form Michigan In Nassau

Category:

Letters - Notices - Judgment Liens

State:

Multi-State

County:

Nassau

Control #:

US-0025LTR

Format:

Instant download

Description

The Judgment Lien Form Michigan in Nassau is designed for documenting and enforcing a judgment lien against real property owned by individuals or entities in Nassau County. This form enables attorneys, paralegals, and legal assistants to formally record a judgment obtained in court, which then secures the creditor's right to collect debt. Key features include fields for claimant and debtor information, details of the judgment, and the specific property subject to the lien. To fill out the form, users should provide accurate names and addresses, along with the date and court details relevant to the judgment. Editing instructions emphasize clarity and accuracy in all entries to avoid future disputes. This form is particularly useful when creditors seek to ensure repayment by placing a lien on a debtor’s property as a precautionary measure. Legal professionals, including partners and associates, can leverage this form to protect their clients’ interests while navigating the complexities of property law. Additionally, the form serves as a notification tool for third parties about the existing lien, ensuring transparency in real estate transactions.

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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.

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.

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.

First, if no lawsuit is filed within a year, the homeowner can obtain a certificate from the circuit court clerk confirming that no lawsuit has been filed and the lien is removed by recording the clerk certificate with the register of deeds. The second way is through a bonding-off process.

(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.

Judgments have expiration dates. If they are not timely renewed, they expire. In CA that is 10 years. However, when a judgment lien has been recorded against your property, it has no expiration date.

Collect Before the Judgment Expires 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. You can renew a judgment before it expires by filing a motion to renew a judgment.