If an owner of an interest in real property has had a judgment obtained against the owner, this form addresses a release of that judgment lien.
Arkansas Release of Judgment Lien - Abstract of Judgment
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Multi-State
Control #:
US-OG-538
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Word;
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How to fill out Release Of Judgment Lien - Abstract Of Judgment?
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FAQ
The easy definition is that a judgment is an official decision rendered by the court with regard to a civil matter. A judgment lien, sometimes referred to as an ?abstract of judgment,? is an involuntary lien that is filed to give constructive notice and is to attach to the Judgment Debtor's property and/or assets.
Abstract of judgement refers to a copy or summary of a court's judgement. Some common uses of the term ?abstract of judgement? include: In the context of a civil case, abstract of judgement is a document disclosing a monetary award issued by the court in favor of a judgement creditor against a judgement debtor.
Money judgments automatically expire (run out) after 10 years.
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.
Unless the judgment is earlier satisfied or the judgment lien is released, a real property judgment lien typically remains in effect for 10 years from the date of entry of the judgment. See CCP § 697.310(b).
An abstract judgment in real estate is commonly referred to as a property lien. It's a lien on any real estate one possesses in a specific county. This is distinct from any mortgage on the property that they may have taken out.
Do Judgments Expire in Texas? Judgments awarded in Texas to a non-government creditor are generally valid for ten years but can be renewed for longer.