Judgment Against Property For Debt In Phoenix

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

Description

The Judgment Against Property for Debt in Phoenix is a legal document that formalizes a court's decision to enforce a debt payment by placing a lien on the debtor's real property. This form is crucial for creditors wishing to secure their interests against any property owned by the debtor in Phoenix County. Filling out this form requires clear identification of both the creditor and debtor, as well as the specific property targeted. It aids attorneys, partners, owners, associates, paralegals, and legal assistants in protecting their clients' financial interests by ensuring that debts are enforceable against real estate. Key features include the description of the lien, property details, and the required signatures. Precise instructions for filing and adapting the template for different circumstances are vital to ensure compliance with local regulations. Target users can effectively use this form in situations involving unpaid debts, bankruptcy cases, or when securing payment for services rendered. Overall, this document serves as an essential tool in debt recovery strategies and property management decisions.

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FAQ

Arizona Judgments are Enforceable for at Least Ten Years If you have a judgment or even a default judgment entered against you the creditor can try and collect on this judgment for at least ten (10) years.

Take the certified copy to the county Recorder's Office where the Judgment Debtor has real estate property. If the Judgment Debtor has property in different counties, you can record your judgment with each county. NOTE: Fees apply.

An execution or other process shall not be issued on a judgment after the expiration of ten years from the date of its entry unless the judgment is renewed by affidavit or process pursuant to section 12-1612 or an action is brought on it within ten years after the date of the entry of the judgment or of its renewal. C.

Arizona's homestead exemption exempts up to $150,000 of a person's equity in their dwelling from attachment, execution or forced sale. The exemption applies to a person's house and land, condominium or cooperative, mobile home or mobile home and land.

Except as provided in sections 33-729 and 33-730, from and after the time of recording as provided in section 33-961, a judgment shall become a lien for a period of ten years after the date it is given on all real property of the judgment debtor in the county in which the judgment is recorded, whether the property is ...

A Judgment is enforceable for ten (10) years from date of Judgment. The Judgment may be renewed prior to the expiration of the Judgment date for an additional ten (10) years. The Judgment belongs to you, the Judgment Creditor.

All judgments must be in writing, and the court must mail copies to all parties. The judgment must clearly state the determination of the rights of the parties. The judgment is due and payable immediately after the judgment is rendered by the justice of the peace or a hearing officer in small claims court.

A Judgment is enforceable for ten (10) years from date of Judgment. The Judgment may be renewed prior to the expiration of the Judgment date for an additional ten (10) years.

Statute of Limitations in Arizona The statute of limitations for credit card debt is three years. For car loans, mortgages and medical debts it's six years, and for unpaid taxes it's 10 years. The timeframe indicates the amount of time a debt collector has to collect a debt.

All judgments must be in writing, and the court must mail copies to all parties. The judgment must clearly state the determination of the rights of the parties. The judgment is due and payable immediately after the judgment is rendered by the justice of the peace or a hearing officer in small claims court.

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Judgment Against Property For Debt In Phoenix