Judgment Lien On Property In Philadelphia

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

Description

The Judgment Lien on Property in Philadelphia serves as a formal notification that a legal judgment against individuals or entities has been recorded, thereby attaching a lien to their real estate assets. This document is crucial for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a clear record of outstanding debts tied to property ownership. Users must ensure all relevant information, such as names and judgment details, is accurately filled in the appropriate sections. The form aids in protecting creditor rights by making them aware of the lien's impact on property transfers or sales. It also offers a mechanism to inform others about the judgment, facilitating further actions if the debtor owns property in multiple jurisdictions. To ensure compliance, users should verify local requirements for filing the lien and consider deadlines for registration after judgment entry. This tool helps in effective asset management and informed decision-making regarding properties under lien. Lastly, individuals should adapt the modeled communication enclosed in the form to their specific case details before distribution.

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FAQ

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 judgment lien is not going to impact a homesteaded property so the mortgage lender would be able to obtain a first lien on your property. So, as long as you otherwise qualify for a mortgage, the judgment lien should not be a problem.

And a homeowner may find it difficult to sell any property that has a lien against it. Prospective buyers may avoid a property to which someone else has a claim.

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.

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.

Yes, a judgment creditor can levy personal property, including vehicles and the contents of a home. Levies of tangible property like this are not as common as bank levies, but it is sometimes used to try to force a settlement.

On the contrary, an involuntary lien can be placed on a property regardless of whether the owner wants it on their property. In other words, an owner's property can be claimed against their will if payments aren't made in a specified time period.

--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.

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.

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 Lien On Property In Philadelphia