Judgment Against Property For Debt In Philadelphia

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

Description

The Judgment Against Property for Debt in Philadelphia form is a crucial legal document that establishes a lien on real property owned by individuals who have incurred debt. This form is particularly useful for parties seeking to secure their claims against property assets. It outlines the process of enrolling a judgment in a specific county, which enables creditors to legally claim against the debtor's real estate. Key features include clear instructions on how to fill out the form, including the necessary names, locations, and dates. Users should provide accurate information about the debtors and the properties involved to ensure proper enforcement. This form is vital for attorneys, partners, owners, associates, paralegals, and legal assistants as it facilitates the collection of owed debts by creating a public record of the judgment lien. It is often employed in situations where a creditor needs to enforce a financial obligation through property ownership. By utilizing this form, legal professionals can navigate the complex process of securing debts while protecting their client's interests effectively.

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FAQ

Steps to File a Valid Pennsylvania Mechanics Lien Send Preliminary Notice Within 30 Days. Send Pre-Lien Notice at Least 30 Days Before Filing. File Your Lien Claim at Prothonotary's Office. Serve Notice of Filing on the Owner. Start Suit to Enforce Lien Within Two Years. File a Lien Bond to Remove the Lien.

5 Steps How to Collect a Judgment in Pennsylvania File Your Judgment With the County Courts. File Your Writ of Execution (This the Key for the Sheriff to help you) . Seize Bank Accounts by Sending Questions (Interrogatories) to the Banks. Levy and Sell Personal Assets and Vehicles. Levy and Sell Real Property / Land.

Can Personal Property Be Seized In A Pennsylvania Judgement? Judgments from Magisterial District Court and Court of Common Pleas. A plaintiff can seize tangible personal property which are items such as household furnishings, jewelry, and business and office equipment.

To obtain a judgment lien, you must first record the judgment with the court of common pleas in the county where the debtor owns property. The lien will stay in effect for five years, but can be renewed, if the debtor does not sell the property within that time period.

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.

5 Steps How to Collect a Judgment in Pennsylvania File Your Judgment With the County Courts. File Your Writ of Execution (This the Key for the Sheriff to help you) . Seize Bank Accounts by Sending Questions (Interrogatories) to the Banks. Levy and Sell Personal Assets and Vehicles. Levy and Sell Real Property / Land.

How can I check for liens against my property? Except mortgages, most liens are filed in the Prothonotary's Office, not in the Recorder of Deeds Office. You can check with them for liens filed against you there.

In Pennsylvania, if a creditor sues you and obtains a judgment, it can become a lien against your home or other real property. (If the judgment is from another county, the creditor would need to transfer it to your county.) However, a creditor without a judgment cannot lien your property.

Pennsylvania judgments are valid for 5 years. Judgments can be revived every 5 years and should be revived if a creditor is attempting to actively collect on the debt. Judgments also act as a lien against real property for up to 20 years or longer if properly revived.

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Judgment Against Property For Debt In Philadelphia