This form is a sample letter in Word format covering the subject matter of the title of the form.
Judgment Lien On Personal Property With Mortgage In Salt Lake
Category:
State:
Multi-State
County:
Salt Lake
Control #:
US-0025LTR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
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.
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.
Judgment Lien 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.
In Utah, for most debts, a creditor has six years to take legal action on that unpaid debt. After the statute of limitations expires, a creditor or debt collector can no longer sue you for the debt.
To attach the lien, the creditor records the judgment in the office of the county recorder in any Utah county where the debtor owns property now or may own property in the future.
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)).
A property owner can choose to place a lien on their property. A voluntary lien is a claim over the property that a homeowner agrees to give to a creditor as security for the payment of a debt. A mortgage lien is the most common type of voluntary real estate lien, also called a deed of trust lien in some states.
The Court had to make sense of the statutes and ultimately held that in lien theory in Utah, the title to the mortgaged property remains with the mortgagor: "Utah, along with most of the other western states, has long been recognized as a 'lien theory' state.
Creditors know that putting a lien on your property is a cheap and almost guaranteed way of collecting the debt they're owed. In some states, contractors and subcontractors must notify the property owner before filing a lien, but in other states property liens can be filed without any notice to the owner.
