Judgment Against Property For Debt In North Carolina

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

Description

The Judgment Against Property for Debt in North Carolina form is a legal document that establishes a lien on real property owned by the debtor in relation to a debt judgment. This form is essential for attorneys, partners, owners, associates, paralegals, and legal assistants who need to ensure a creditor's rights are secured against a debtor's property. It is designed to be filled out with pertinent details such as the names of the parties involved, the date of judgment, and the specific county where the judgment is enrolled. Users should adapt the sample letter provided in the document to fit individual circumstances, including adding relevant names and addresses. The form serves specific use cases, such as asserting a claim in real estate transactions or during debt collection proceedings. By filing this judgment, creditors can enhance their ability to collect owed amounts by establishing a legal claim to the debtor's property. Clear instructions are included to help users navigate the form effectively, making it accessible even to those with little legal experience.

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FAQ

Household exemption typically includes clothing, furnishings, appliances, books, and other household items that are used as part of everyday residential existence.

In terms of the debt collection laws in NC, the debtor then has a 30-day period in which it may appeal the judgment. Thereafter, the creditor may submit a Writ of Execution to the clerk of superior court in the county in which the judgment was granted, and once issued, submit the writ to the sheriff.

Information about civil, special proceeding, or estates cases in the North Carolina court system can be accessed on the public, self-service terminals in the clerk of court's office in any county.

Household exemption typically includes clothing, furnishings, appliances, books, and other household items that are used as part of everyday residential existence.

You come across the term judgment. It's not just about forming an opinion. In real estate a judgmentMoreYou come across the term judgment. It's not just about forming an opinion. In real estate a judgment can have a significant impact it's a legal decision by a court regarding the rights of the parties.

The NC law clearly gives the creditor a 10 year period to enforce his lien and the statutes, N.C.G.S. § 1-234, and § 1-23 appear to extend the time period when execution is restrained.

In North Carolina, a lien claimant has 120 days from the date of last furnishing to complete these 3 steps: Fill out a mechanics lien form that meets NC requirements. File the lien with the county recorder's office. Serve a copy of the lien on the property owner.

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Judgment Against Property For Debt In North Carolina