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 Suffolk
Category:
State:
Multi-State
County:
Suffolk
Control #:
US-0025LTR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
The short answer is yes, but it's not always easy or common for a judgment creditor to take your car. If a creditor sues you and wins, they can request a judgment lien against your property, including your car.
In a Nutshell This court order allows them to collect on the debt by seizing your real or personal property (or putting a lien on it), garnishing your wages, or levying your bank account. Personal property includes everything from household goods to vehicles. Real property includes things like your home or land.
Personal Property Execution If a Judgment Creditor knows that the Judgment Debtor owns a car, truck, motorcycle or other personal property of significant value, the Judgment Creditor may file a Property Execution.
Judgements can become a first lien against a property. Lenders generally want to be first lien when it comes to mortgages. So yes, it will be deal breaker for most mortgage companies. I've seen mortgages get denied because of a $6000 judgement.
If a Transcript of Judgment has been filed with the County Clerk, once the Debtor pays off the Judgment, the Creditor has a legal responsibility to prepare and sign a Satisfaction of Judgmentfor the benefit of the Debtor, so that all liens and record of Judgment can be removed from the County Clerk's office.
How Long Are Judgments Valid in New York? Judgments are valid for 20 years and may be extended once for an additional period of 10 years. To extend a judgment for an extra ten (10) years, the Judgment Creditor must make written application to the court that issued the original judgment.
The most common ways you may find out that there are outstanding judgements against you in one of the following ways: letter in the mail or phone call from the collection attorneys; garnishee notice from your payroll department; freeze on your bank account; or. routine check of your credit report.
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.
More info
The form must be filled out and presented to the County Clerk to be endorsed. In New York, a judgment lien can be attached to the debtor's real estate -- meaning a house, condo, land, or similar kind of property interest.Anyone can check with the clerk's office in the county where the property is located for judgments, liens, or lis pendens. Nathanson Law Firm is dedicated to providing our clients with legal services in Property Law and LandlordTenant cases. Suffolk County assigns a number to each parcel of land on the county tax map. I lost my case and a judgment of possession was granted to the landlord. In a tax sale, the city or town will auction off your property. Order Authorizing Sale of Real Property. GUAR020.
