Judgment Against Property With Rem In Philadelphia

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

Description

The Judgment against property with rem in Philadelphia is a legal document that serves as a formal record of a court's decision involving a lien placed on a debtor's real property. This judgment affects all real estate owned by the debtor within the specified county and must be enrolled to be enforceable. Key features of this form include the ability to identify the parties involved, the property subject to the lien, and the jurisdiction in which the judgment is recorded. Filling out this form requires accurate information about the debtor and the real property in question, along with the date of judgment enrollment. Attorneys, paralegals, and legal assistants will find this form particularly useful for managing client debts, ensuring proper legal procedures are followed, and communicating effectively with other legal professionals about property liens. This document can also guide owners and partners in understanding their rights regarding debts secured by real property, providing clarity in legal matters pertaining to property ownership and liability. It is advisable for users to adapt the template to specific circumstances, ensuring that all relevant details are accurately reflected. Overall, this form is a vital tool in real estate and debt recovery practices.

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FAQ

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.

Stat. § 18.182. A judgment creates a lien upon real property for 5 years. Pa.

A stipulation by a contractor to waive mechanics' lien rights before providing labor, services, materials, or equipment to improve residential real property in Pennsylvania.

In Pennsylvania, lien searches can be conducted by reviewing public records maintained by relevant government agencies, including local Prothonotary Offices or Pennsylvania Recorder of Deeds Offices. Besides mortgages, which are filed in the latter, most liens are filed in the former.

In rem is a Latin term meaning "against a thing," which refers to a court's power to adjudicate matters directed against property . In rem jurisdiction is one of the two forms of personal jurisdiction , with the other being in personam jurisdiction.

Those who have the right to file a mechanic's lien in Pennsylvania are limited to second-tier subs and suppliers who have a claim of at least $500. In other words, anyone who contracted directly with the property owner, the prime contractor, or a subcontractor hired by the prime contractor is eligible for lien rights.

Requirements for Liens in Pennsylvania For mechanics' liens, contractors, subcontractors, and suppliers must typically follow specific procedures to file a lien. This may include providing notice to the property owner, filing a lien claim with the appropriate county office, and adhering to strict deadlines for filing.

If one of the co-owners faces financial or legal issues, their creditors could potentially place a lien on the property, affecting the other co-owners interests.

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.

The department files liens in the county Prothonotary's Office where the taxpayer resides or does business. Liens, along with most other court records, are public documents.

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Judgment Against Property With Rem In Philadelphia