Judgment Lien Form Michigan In Wayne

Category:

Letters - Notices - Judgment Liens

State:

Multi-State

County:

Wayne

Control #:

US-0025LTR

Format:

Instant download

Description

The Judgment Lien Form Michigan in Wayne is a legal document used to establish a lien against real property following a judgment in favor of a creditor. This form formally records the judgment, making it a matter of public record, and allowing creditors to claim any profits from property sales to satisfy the debt owed. It is essential for attorneys, paralegals, and legal assistants to accurately fill out this form, which includes details about the judgment debtor, the creditor, and the specifics of the judgment. The form should be filed in the appropriate county office where the property is located, and if there are properties in multiple counties, additional forms may be necessary. It focuses on providing a clear pathway for creditors to enforce their judgments and protect their interests. Legal professionals should ensure all required information is completed to avoid complications. The form serves as a pivotal tool for those in the legal field as it informs all parties of the secured debt and facilitates collection efforts. It is vital in situations where a creditor seeks to secure their financial interests against delinquent debtors.

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FAQ

Judgment liens may simply be filed and recorded by an attorney. There is no personal confrontation with the defendant and no personal property is seized. Service of the judgment lien on the judgment debtor is by certified mail if the judgment is less than $25,000.

600.6051. A Judgment lien attaches to all property owned by the judgment debtor in the county where it is recorded. It attaches at the time it is recorded with the register of deeds, except for after-acquired property, when it attaches at the time it is acquired by the judgment debtor. 600.2803.

2809. (1) Unless subsection (2) or (3) applies, a judgment lien expires 5 years after the date it is recorded. (2) Unless subsection (3) applies, if a judgment lien is rerecorded under subsection (4), the judgment lien expires 5 years after the date it is rerecorded.

A judgment creditor can file a lien with the court 22 days after the judgment is entered against the debtor, provided that the debtor has not appealed or moved to set the judgment aside. The lien is then sent to the register of deeds for recording in the county where the debtor lives.

Judgments have expiration dates. If they are not timely renewed, they expire. In CA that is 10 years. However, when a judgment lien has been recorded against your property, it has no expiration date.

(1) Unless subsection (2) or (3) applies, a judgment lien expires 5 years after the date it is recorded. (2) Unless subsection (3) applies, if a judgment lien is rerecorded under subsection (4), the judgment lien expires 5 years after the date it is rerecorded.

Collect Before the Judgment Expires A judgment from a Small Claims case expires six years after it is issued. Most other judgments in Michigan expire 10 years after they are issued. You can renew a judgment before it expires by filing a motion to renew a judgment.