This form is a sample letter in Word format covering the subject matter of the title of the form.
Judgment Against Property With Rem In Ohio
Category:
State:
Multi-State
Control #:
US-0025LTR
Format:
Word;
Rich Text
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Description
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FAQ
â—¦ Definition - A judicial process in circuit court in which clear legal title to properties that are tax delinquent (usually after three years) is transferred to City or County ownership after the court issues a judgment determining that the tax was owed, proper notice was given, and the owner did not redeem.
Here are the California System 1 property exemptions: The Homestead Exemption protects up to $600,000 in your principal residence, which could be a home, boat, condo, or even a planned development. The Motor Vehicle Exemption protects up to $3,625 of equity in your car or other vehicle.
A judgment lien on real estate remains in effect for five years. You may not be able to collect a judgment right away through a judgment lien on real estate, but it will ensure that the property cannot be sold or refinanced within the next five years without dealing with your lien.
In Ohio, the homestead exemption applies to real and personal property that you or your dependents use as a residence, including your home, inium, or mobile home. Filers can protect up to $182,625 in home equity if they reside in the property when they file the bankruptcy case. (Ohio Rev. Code § 2329.66.)
To attach the lien, the creditor files the judgment with the clerk of court of common pleas in any Ohio county where the debtor owns real estate (a home, land, etc.) now or may own real estate in the future.
2 And given that, under Ohio law, judgment liens do not attach to after-acquired property, this should not really be a title company issue, assuming it is clear as a matter of record that the tax debt was discharged.
This means that although Ohio's statute of limitations for judgment enforcement is at least fifteen years, in reality the best practice is to act at least once every five years so that your judgment does not become dormant. Often judgments are against more than one judgment debtor.
"Any person who wishes to file a Mechanic's Lien shall make and file for record in the office of the county recorder in the counties in which the improved property is located, an affidavit showing the amount due over and above all legal setoffs, a description of the property to be charged with the lien, the name and ...
Regardless of whether any payments are made, your judgment does not last forever. In Ohio, judgments go “dormant” in 5 years after the latter of: (a) when the judgment was issued, or (b) the last time it was used to create a lien, generate a seizure, obtain a garnishment order, or any other similar effort.
If an execution sale does not take place within a period of five years (where the plaintiff is someone other than the state) or between 10 and 15 years where the plaintiff is the state, the underlying judgment becomes dormant.
