This form is a sample letter in Word format covering the subject matter of the title of the form.
Judgment Lien Forms With Property In Salt Lake
Category:
State:
Multi-State
County:
Salt Lake
Control #:
US-0025LTR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
Of the three types of liens (consensual, statutory, and judgment), the judgment lien is the most dangerous form, but one which the informed business owner may be able to eliminate. A judicial lien is created when a court grants a creditor an interest in the debtor's property, after a court judgment.
The duration of a judgment lien in the state of Utah resulting from the docketing of a judgment, abstract of judgment, transcript of judgment or warrant for delinquent taxes, runs as follows: 8 years for all judgments (U.C.A. 78B-5-202) and ten years for tax warrants (U.C.A. 59-1-1414(6)).
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. This means that it is possible to no longer have a judgment against you, but still have a judgment lien on your property.
For the most part, whether a lien is a "property lien" or a "judgment lien" depends on how the creditor got the lien. 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.
File the judgment or Abstract of Judgment in the office of the County Recorder in the county in which the debtor's real property is located. If the debtor has real property in more than one county, file in each county. Also file with the County Recorder a Judgment Information Statement.
You take or mail something called an 'Abstract of Judgment' to the county recorder's office. This is a document that summarizes the court's decision. Once the Abstract of Judgment is recorded, it creates a 'general' lien. Think of it as a giant sticky note that attaches to all the debtor's real property in that county.
Utah Code 38-1a-501 (1)(a) A person who desires to claim a construction lien on real property shall file a preliminary notice with the registry no later than 20 days after the day on which the person commences providing construction work on the real property.
A copy of a foreign judgment authenticated in ance with an appropriate act of Congress or an appropriate act of Utah may be filed with the clerk of any district court in Utah. The clerk of the district court shall treat the foreign judgment in all respects as a judgment of a district court of Utah.
Judgments shall continue for eight years from the date of entry in a court unless previously satisfied or unless enforcement of the judgment is stayed in ance with law.
If the prevailing party or party directed by the court fails to timely serve a proposed judgment, any other party may prepare a proposed judgment and serve it on the other parties for review and approval as to form.
