Judgment Against Property With No In Suffolk
Description
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FAQ
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.
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.
What are Suffolk County's requirements for recording a mechanic's lien? Liens must include your name and other basic information. Next, the property owner's information is required. You'll also need to provide the hiring party's information. Provide a statement of the labor and materials required for the project.
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.
