This form is a sample letter in Word format covering the subject matter of the title of the form.
Notice Judgment Lien Form With Mortgage In Philadelphia
Category:
State:
Multi-State
County:
Philadelphia
Control #:
US-0025LTR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
Lien must be filed w/in 6 months after last labor or materials furnished. In Pennsylvania, an action to enforce a mechanics lien must be initiated within 2 years of the date of filing the lien claim. This deadline may not be extended, and failure to meet the deadline results in the lien becoming unenforceable.
In order to perfect your lien claim, it must be filed in the prothonotary's office of the county court where the property is physically located. A “prothonotary” is just an old-school term for the chief clerk of the court. If the property is located in more than one county, then the claim should be filed in both.
In Pennsylvania, lien rights extend to general contractors, subcontractors and sub-subcontractors (contractors and suppliers who have a direct contract with subcontractors). A notice of intent to lien to an owner is due 30 days before the Lien Claim is filed for subcontractors and sub-subcontractors.
How can I obtain information about liens and judgments? Where can I obtain property tax information? You can obtain tax information from the Office of Property Assessment (OPA) 601 Walnut Street .phila/OPA or the Department of Revenue located in the Municipal Services Building., 1401 JFK Blvd, concourse level.
In order to perfect your lien claim, it must be filed in the prothonotary's office of the county court where the property is physically located. A “prothonotary” is just an old-school term for the chief clerk of the court. If the property is located in more than one county, then the claim should be filed in both.
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.
The most common type of lien is what's usually referred to as a Mechanic's Lien. Sometimes called "construction liens," "laborer liens," or "artisan's liens," they are filed by contractors, subcontractors, or construction firms.
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 most common examples for voluntary liens are mortgages on a home and liens placed on cars that are financed. Voluntary liens can be placed on any type of property with value. The point of the voluntary lien is for a lender to secure collateral for a debt or service rendered.
In many cases, a lien can hinder the sale or transfer of the property until the debt secured by the lien is satisfied. This means that property owners may be unable to sell or refinance their property until the lien is resolved. Additionally, liens can affect the priority of creditors' claims against the property.
