Judgement Lien On House In Nevada
Description
Form popularity
FAQ
A judgment lien in Nevada will remain attached to the debtor's property (even if the property changes hands) for six years.
A creditor may file suit and can record a judgment lien against any real property you own. Recording a Declaration of Homestead protects your principal residence up to the statutory maximum.
First: Nevada mechanics lien claimants must send a Notice of Intent to Lien before filing a lien on residential property. That Notice of Intent must be sent at least 15 days before the lien gets filed. So, in order to file a valid lien, that step will need to be taken.
The judgment lien is not going to impact a homesteaded property so the mortgage lender would be able to obtain a first lien on your property. So, as long as you otherwise qualify for a mortgage, the judgment lien should not be a problem.
However, Nevada allows for judgments to be renewed, which if done correctly will continue the judgment for another six years from the date of renewal. This process has several steps but they cannot be done incorrectly because Nevada courts strictly enforce the statutory procedure.
Nevada's civil statute of limitations allows: Two years for personal injuries. Up to four years for rent collection claims. Six years for judgments.
