Judgment Lien Forms With Property In Travis
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A judgment lien is a court ruling that gives a creditor the right to take possession of a debtor's property if the debtor fails to fulfill their contractual obligations.
Generally, to file a judgment lien, an abstract of judgment must be issued by the justice court. Some justice courts have a form available on their website to request an abstract of judgment.
You can file your mechanics liens with the Travis County Clerk's Recording Division by postal mail, by courier, or in person. The County Clerk also accepts electronic filings of documents from an authorized eRecording submitter.
In Texas, a judgment lien can be attached to real estate only (such as a house or land).
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.
And a homeowner may find it difficult to sell any property that has a lien against it. Prospective buyers may avoid a property to which someone else has a claim.
Four Steps to Filing a Lien in Texas Be Prepared on Every Job: Record Essential Information. Unfortunately, subcontractor nonpayment is common in the private commercial construction industry. Send a Pre-lien Notice. File a Mechanic's Lien Affidavit. 4. Mail a Notice to the Property Owner and General Contractor.
The judgment lien is not going to impact a homesteaded property so the mortgage lender would be able to obtain a first lien on your property. So, as long as you otherwise qualify for a mortgage, the judgment lien should not be a problem.
