Judgment Lien Form Withdrawal In New York

State:
Multi-State
Control #:
US-0025LTR
Format:
Word; 
Rich Text
Instant download

Description

The Judgment Lien Form Withdrawal in New York is a legal document used to remove a judgment lien encumbering real property. This form is essential for parties seeking to clear a lien, potentially enhancing property sale opportunities or refinancing options. Key features include filling in specific details about the judgment, the parties involved, and the property affected. Users must ensure all information is accurate and complete before submission, as errors could delay the withdrawal process. The form is useful in various scenarios, such as settling a debt or resolving a dispute. Target audiences include attorneys handling real estate matters, partners and owners managing properties, associates and paralegals who assist in drafting legal documents, and legal assistants overseeing filing procedures. Understanding how to properly complete and process this form is crucial for effectively managing property liens in New York.

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FAQ

Bank accounts, including bank names, account numbers, and account type (savings or checking) Brokerage accounts and securities holdings, including company names and account numbers. Real estate holdings, including addresses. Vehicles owned, including the makes, models, years, and license plate numbers.

A judgment is good for 20 years, but if the plaintiff wants to enforce the judgment against land it is only good for 10 years unless the plaintiff renews it for another 10 years.

New York courts usually only vacate default judgments in two situations: Excusable default: The defendant has a good excuse for not appearing and has a valid defense to the lawsuit. Lack of personal jurisdiction (bad service): The defendant wasn't properly served with the required notice of the lawsuit.

How long does a judgment lien last in New York? A judgment lien in New York will remain attached to the debtor's property (even if the property changes hands) for ten years.

For that purpose the judgment debtor should approach the plaintiff/judgment creditor or his/her/its attorney to obtain the written consent to rescission of judgment. There is however no requirement in law that obliges a plaintiff/judgment creditor to give a consent to rescission of judgment.

For that purpose the judgment debtor should approach the plaintiff/judgment creditor or his/her/its attorney to obtain the written consent to rescission of judgment. There is however no requirement in law that obliges a plaintiff/judgment creditor to give a consent to rescission of judgment.

Filing a Lien at the County Clerk's Office A Judgment Creditor can make their City Court Judgment more powerful by filing their judgment in the County Clerk's Office. This is accomplished by the Judgment Creditor requesting a "Transcript of Judgment" from the City Court Clerk.

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Judgment Lien Form Withdrawal In New York