This form is a sample letter in Word format covering the subject matter of the title of the form.
Judgment Lien On Personal Property With Mortgage In Philadelphia
Category:
State:
Multi-State
County:
Philadelphia
Control #:
US-0025LTR
Format:
Word;
Rich Text
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FAQ
For example, a mortgage has priority over a judgment lien if the lender records it before the judgment creditor records its lien.
Lien position determines the priority of claims on a property in the event of a default or foreclosure. The first lien position typically belongs to the primary mortgage lender, while subsequent lenders or creditors hold second, third, or further subordinate lien positions.
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.
Lien Claim—All claimants must file a Lien Claim in the prothonotary's (court clerk's) office within six months of last work and serve notice of the lien claim on owner within one month after that. An affidavit of service then must be filed with the court within 20 days after service of the written notice on the owner.
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.
Yes, a lien may be placed on property that is jointly owned. However, the effects of that lien depend on the type of ownership that the property is under. Before discussing the terms of joint ownership, it's important that you understand exactly what liens are and what they may mean for you and your investment.
Yes, a lien may be placed on property that is jointly owned. However, the effects of that lien depend on the type of ownership that the property is under. Before discussing the terms of joint ownership, it's important that you understand exactly what liens are and what they may mean for you and your investment.
The following kinds of personal property are exempt from debt collection and cannot be seized: Household goods, like furniture, clothing, and appliances. Medical equipment, such as a wheelchair. One television, one radio, one computer and one cell phone.
