Agreement Satisfaction With Judgment In Florida
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FAQ
The one-satisfaction rule is a common law principle that a plaintiff should only recover once for a particular injury , thereby preventing overcompensation of the plaintiff for their injury. Thus, a plaintiff who fully recovers from one tortfeasor may not recover more damages from a joint tortfeasor.
Once a judgment is entered, creditors have multiple options for collection: Your wages or funds in a bank account may be frozen. You may be required to reveal all assets through a deposition or document request. Creditors can place liens on non-exempt property.
In Florida, a “void judgment” is so defective that it is deemed never to have had legal force and effect, while a “voidable judgment” is a judgment that has been entered based upon some error in procedure that allows a party to have the judgment vacated, but the judgment has legal force and effect unless and until it ...
Fl. To ensure identity of the signer, notarization is prudent but not required. If a certified copy of the judgment is recorded, it may be prudent to include that recording information.
Both parties must sign the agreement and have their signatures witnessed by a notary public or deputy clerk.
However, the simple act of sending in a final payment is not enough to remove a lien on the title in the public records. The lender has a legal obligation to draft, notarize, and file a Florida Satisfaction of Mortgage.
