Judgment Lien Forms With Property In Philadelphia

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

Description

The Judgment Lien Forms with Property in Philadelphia are essential documents for registering a legal judgment as a lien against real estate. These forms allow attorneys, partners, owners, associates, paralegals, and legal assistants to formalize claims to ensure that a judgment debtor’s property is secured against their outstanding debts. Key features include the ability to list multiple debtors, counties, and properties affected by the lien. Filling instructions require users to accurately fill in names, judgment details, and specific property information to ensure enforceability. Legal professionals may utilize this form in cases of debt recovery, real estate transactions, or collections against property owners. It is crucial to verify that all information is correct before submission to relevant county authorities. This form also facilitates communication with other stakeholders regarding the debtor’s property holdings, potentially expanding the reach of the lien. Ultimately, this document serves as a foundational tool in the collection process, ensuring legal protections for creditors.

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FAQ

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.

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.

It shows up on your credit report as well as on any background checks. The judgment is considered a lien against your property, including any real estate that you have, in the state in which the judgment is filed.

In Pennsylvania, married couples typically hold their joint real and personal property as "tenants by the entireties." A judgment creditor of one spouse cannot execute against such joint marital property, including homes, joint bank accounts, vehicles, etc.

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.

What Do You Do When There Is A Judgment Lien On Your Property, But The Judgment Has Expired? Judgments have expiration dates. If they are not timely renewed, they expire. In CA that is 10 years.

In a Nutshell This court order allows them to collect on the debt by seizing your real or personal property (or putting a lien on it), garnishing your wages, or levying your bank account. Personal property includes everything from household goods to vehicles. Real property includes things like your home or land.

--The following personal property of the judgment debtor shall be exempt from attachment or execution on a judgment: (1) Wearing apparel. (2) Bibles and school books. (3) Sewing machines belonging to seamstresses or used and owned by private families, but not including sewing machines kept for sale or hire.

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Judgment Lien Forms With Property In Philadelphia