This form is a sample letter in Word format covering the subject matter of the title of the form.
Judgment Against Property For Sale In Phoenix
Category:
State:
Multi-State
City:
Phoenix
Control #:
US-0025LTR
Format:
Word;
Rich Text
Instant download
Description
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FAQ
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.
Generally, the party seeking to sell or transfer the property will need to satisfy the judgment by paying the amount owed to the judgment creditor, or negotiate a settlement or release with the creditor.
In Arizona, you can attach judgment liens only to real estate, meaning land, buildings, and other improvements. When you properly record an Arizona judgment (see below), the lien attaches to real estate the judgment debtor: presently owns, and. acquires later, as long as your judgment lien is still good.
Arizona has a Homestead Exemption that protects a certain amount of equity in a person's principal residence from creditors. In Arizona, this amount is $150,000. This means that if the equity in your home is less than or equal to $150,000, you may be able to protect your home from creditors in a bankruptcy.
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.
In Arizona, a judgment is initially effective for ten years after the date of its entry, and execution must be accomplished within that period.
Rule 55 - Default; Default Judgment (a)Entering a Default (1)Generally. If a party against whom a judgment for affirmative relief is sought has failed to plead or otherwise defend as provided in these rules, default may be obtained under the procedures set forth in this rule.
And some states also allow judgment liens on the debtor's personal property -- things like jewelry, art, antiques, and other valuables. In Arizona, a judgment lien can be attached to real estate only (meaning a house or similar property).
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, inium or cooperative, mobile home or mobile home and land.
More info
In Arizona, a property lien can be used to collect a court judgment. Here's how it works.This guide can give you a place to start your research when you have won a monetary judgment against another party in Superior or Justice court. This recordation is a public declaration that the creditor has a claim against the debtor's property. An overview of the procedure and relevant time frames in connection with obtaining judgment in Arizona to collect a debt. Call a Phoenix bankruptcy lawyer at Hilltop Law Firm at about lien avoidance if your property is at risk. Learn more about what to do if you're dealing with a lien on inherited property from the probate law experts at JacksonWhite. When a mortgage or deed of trust is foreclosed, the court shall give judgment for the entire amount determined due, and shall direct the mortgaged property. Say you took out a loan to buy a singlefamily home on a quiet street in Phoenix, and you move in. The lot is around 10,000 square feet.
