Judgment Against Property With Rem In Utah

State:
Multi-State
Control #:
US-0025LTR
Format:
Word; 
Rich Text
Instant download

Description

The Judgment Against Property With Rem in Utah is a formal document used to establish a legal lien on real property owned by a judgment debtor. This form is particularly beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants involved in collecting debts or enforcing court judgments. Key features of the form include the ability to enroll a judgment in various counties, thus solidifying the creditor's claim against the debtor's property. Users should fill in the specific names and details pertaining to the judgment debtor and the property in question. It is important to ensure that all information is accurate to prevent any challenges to the enforcement of the judgment. This form is apt for scenarios involving debt recovery, real estate transactions, and cases of lien enforcement. Additionally, legal practitioners can customize the document to address specific circumstances, ensuring it adheres to their clients’ needs. It serves as a proactive measure for creditors to secure their interests against any potential asset disposals by the debtor.

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FAQ

A judgment lien expires after 5 years from the date it is recorded but may be rerecorded once for another period of 5 years not less than 120 days before the expiration of the initial judgment.

In Utah, the statute of limitations for any signed written contract, obligation, or liability is six years. For unwritten (verbal) contracts, obligations, or liabilities, the statute of limitation for an unpaid debt expires after four years.

Generally, judgments expire after ten years.

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.

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.

CALIFORNIA. A judgment and any lien created by an execution on the judgment expires ten years after the date of the entry of the judgment. Cal. Civ.

The statute of limitations for renewing a judgment is 8 years from the date of the judgment. Utah Code Section 78B-2-311. The judgment creditor can renew the judgment, but must do so before the statute of limitations expires.

In rem is a Latin term meaning "against a thing," which refers to a court's power to adjudicate matters directed against property.

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Judgment Against Property With Rem In Utah