Judgment Lien Form Michigan In Phoenix

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

Description

The Judgment Lien Form Michigan in Phoenix is a crucial legal document designed to establish a lien against the real property of a judgment debtor. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who are involved in debt recovery and asset protection. Key features include the ability to specify the debtor's name and the property in question, ensuring that the judgment is enforceable against any owned assets in Michigan. Users must fill out the form with accurate information regarding the judgment and property details. It is important to submit the completed form to the appropriate county office where the property is located to create the lien officially. The document also includes a section where additional counties can be noted if the debtor holds properties elsewhere, maximizing the utility of the lien. For legal professionals, understanding how to properly edit and file this form is essential for effective representation in collections cases. Overall, this form is a vital tool in securing a legal claim against a debtor's property.

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FAQ

Judgment liens may simply be filed and recorded by an attorney. There is no personal confrontation with the defendant and no personal property is seized. Service of the judgment lien on the judgment debtor is by certified mail if the judgment is less than $25,000.

Creditors typically acquire property liens through your voluntary consent. On the other hand, creditors get judgment liens after winning a lawsuit against you for a debt you owe.

2809. (1) Unless subsection (2) or (3) applies, a judgment lien expires 5 years after the date it is recorded. (2) Unless subsection (3) applies, if a judgment lien is rerecorded under subsection (4), the judgment lien expires 5 years after the date it is rerecorded.

Judgments have expiration dates. If they are not timely renewed, they expire. In CA that is 10 years. However, when a judgment lien has been recorded against your property, it has no expiration date.

Collect Before the Judgment Expires A judgment from a Small Claims case expires six years after it is issued. Most other judgments in Michigan expire 10 years after they are issued. You can renew a judgment before it expires by filing a motion to renew a judgment.

(1) Unless subsection (2) or (3) applies, a judgment lien expires 5 years after the date it is recorded. (2) Unless subsection (3) applies, if a judgment lien is rerecorded under subsection (4), the judgment lien expires 5 years after the date it is rerecorded.

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Judgment Lien Form Michigan In Phoenix