Judgment Against Property With Bad Credit In Utah
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Generally, the party seeking to sell or transfer the property will need to satisfy the judgment by paying the amount owed to the judgment creditor, or negotiate a settlement or release with the creditor.
Effect of satisfaction Satisfaction of a judgment means that the judgment is no longer a lien on the debtor's real property. The courts cannot control the actions of third parties, but usually, the fact of satisfaction is recorded by the major credit reporting agencies and included in the debtor's credit history.
If the judge makes a decision without a hearing or if the judge or commissioner takes the matter under advisement, they will usually decide on the motion within 60 days after the motion was submitted.
If the judgment was a default, the defendant/respondent may be given an opportunity to answer the complaint or petition. If the court finds the judgment was already satisfied, the case may be dismissed because it has already been completed.
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.
Who May File a Lien? Any person who provides preconstruction service or construction work on or for a project at the request of the owner, including providers of materials, services, equipment or labor, may file a mechanic's lien for the reasonable value of the preconstruction service or construction work.
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.
Tolling of the Statute of Limitations Code SectionsUtah Code Title 78B: Judicial Code, Chapter 2: Statute of Limitations Collection of Debt for a Credit Card or Account Four years (U.C.A. § 78B-2-307) Judgments Eight years (U.C.A. § 78B-2-311)9 more rows
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.
