Judgment Lien Forms Foreclosure In Philadelphia

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

Description

The Judgment Lien Forms Foreclosure in Philadelphia serves as a vital resource for various legal professionals managing debt collection and property foreclosure processes. This form is used to officially record a judgment lien against real property owned by individuals who have defaulted on financial obligations. The key features include the date of judgment, details of the judgment debtor, and the property concerned, along with a request for further information on potential real property ownership in other counties. Attorneys, partners, and associates can utilize this form to secure a legal claim against a debtor’s assets, effectively enhancing the enforceability of judgments. Paralegals and legal assistants may find it beneficial for filing and managing liens in compliance with local regulations. Clear instructions for filling out the form ensure proper completion, allowing users with minimal legal experience to navigate the process effectively. Overall, this form is essential for legal professionals seeking to protect their clients' interests in real estate during foreclosure proceedings.

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FAQ

Following a first mortgage foreclosure, all junior liens (including a second mortgage and any junior judgment liens) are extinguished, and the liens are removed from the property's title.

Take the certified docket sheet and a notice of judgment for each judgment debtor (see above) to the common pleas court clerk in each county where you want a judgment lien. Ask that the certified docket sheet be recorded in the county judgment index. Once that's done, you've got a judgment lien in that county.

Include information like: You and your attorney's information. The property owner's information. The hiring party's information. The first and last dates that work on the project was done. Notices of Intent to Lien are required in Pennsylvania, so include the dates that notices were sent.

If they are not timely renewed, they expire. In CA that is 10 years. However, when a judgment lien has been recorded against your property, it has no expiration date. This means that it is possible to no longer have a judgment against you, but still have a judgment lien on your property.

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.

Now, the PTFA allows bona fide tenants whose homes are in foreclosure to remain there for at least 90 days or for the term of their lease, whichever is longer. Bonda fide tenants are those that meet the following requirements: The tenant isn't part of the landlord's immediate family.

Before the notice of default can be filed, the lender must give you at least 10 days' notice and another 30 days' notice before the foreclosure sale can take place by the sheriff. The sheriff will notify you by delivering a copy of the notice directly and by putting a handbill on the property itself.

Before the notice of default can be filed, the lender must give you at least 10 days' notice and another 30 days' notice before the foreclosure sale can take place by the sheriff. The sheriff will notify you by delivering a copy of the notice directly and by putting a handbill on the property itself.

Second, before a residential mortgage can be foreclosed in Pennsylvania, the lender must give a 30-day notice of intention to foreclose (also known as an Act 6 Notice), giving the borrower an opportunity to cure, and prohibiting the lender from collecting attorneys' fees incurred during the notice period.

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Judgment Lien Forms Foreclosure In Philadelphia