Arizona Motion for Satisfaction of Money Judgment by Judicial Sale

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A judicial foreclosure proceeding can be initiated at any time after default on a secured obligation or a judgment which constitutes a lien on real property. The following form is a complaint that adopts the "notice pleadings" format of the Federal Rules of Civil Procedure, which have been adopted by most states in one form or another. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

Arizona Motion for Satisfaction of Money Judgment by Judicial Sale is a legal document that allows a judgment creditor to request the satisfaction of a money judgment through the sale of property owned by the judgment debtor. This motion is typically filed with the court after obtaining a judgment in a civil lawsuit and serves as a means for the creditor to enforce their right to collect the debt owed to them. Keywords: Arizona, Motion for Satisfaction of Money Judgment, Judicial Sale, judgment creditor, money judgment, sale of property, judgment debtor, civil lawsuit, enforce, collect debt. In Arizona, there are different types of Motion for Satisfaction of Money Judgment by Judicial Sale, including: 1. Real Property Sale: This type of motion is used when the judgment creditor seeks to satisfy the money judgment by selling the real property owned by the judgment debtor. Real property can include land, houses, buildings, or any other immovable assets. 2. Personal Property Sale: When the judgment debtor possesses valuable personal property, such as vehicles, jewelry, or artwork, the judgment creditor may file a motion for the sale of these items to recover the outstanding debt. This type of motion allows the creditor to enforce the money judgment by liquidating personal property assets. 3. Foreclosure Sale: If the judgment debtor owns a property that is subject to a mortgage or lien, the judgment creditor can file a motion for foreclosure sale. By doing so, the creditor aims to satisfy the money judgment by forcing the sale of the property, with the proceeds used to pay off the debt owed. 4. Third-Party Sale: In some cases, the judgment creditor may discover that the judgment debtor has assets held by a third party, such as a bank account or investment holdings. To satisfy the money judgment, the creditor can file a motion for the sale of these assets, ensuring that the funds are used to settle the outstanding debt. By filing an Arizona Motion for Satisfaction of Money Judgment by Judicial Sale, the judgment creditor can exercise their rights to enforce the money judgment and collect the debt owed to them. The court will review the motion, ensure legal requirements are met, and if granted, authorize the sale of the relevant property or assets.

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And some states also allow judgment liens on the debtor's personal property -- things like jewelry, art, antiques, and other valuables. In Arizona, a judgment lien can be attached to real estate only (meaning a house or similar property).

The exempt property may include community, joint or separate property of the judgment debtor. B. If the judgment debtor dies or absconds and leaves a spouse or dependent any property that is exempt under this section, the property remains exempt to the spouse or dependent.

Collection Methods There are 2 primary methods to collect a debt: Writ of Garnishment or Writ of Execution. Writ of Garnishment is often referred to as garnishing a debtor's wages. A written notice is served to both the debtor and the debtor's employer or financial institution.

In Arizona, the person in whose favor a judgment has been entered can record a copy of the judgment to create a lien against property owned by the judgment debtor.

If an injured party wins a lawsuit against you, just about anything of value could be seized, including: Bank accounts. Boats. Jewelry. Real estate. Vehicles.

If the prevailing party fails to file a satisfaction of judgment or cannot be located after the opposing party has exercised due diligence in attempting to locate the prevailing party, the opposing party may file a motion to compel satisfaction of the judgment.

Bankruptcy should always be considered a last resort, but if you have to enter this personal insolvency procedure: It will write off all the debts you owe, as long as you can prove the debt. Any assets you have will be seized, and the debt management company will use the proceeds to pay your creditors.

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ARIZONA REVISED STATUTES 12-1611. SATISFACTION OF JUDGMENT: After you collect the judgment, you must file a Satisfaction of Judgment form with the Justice. The prevailing party must file a satisfaction of judgment in the small claims division of the justice court within 30 days after a judgment has been paid in ...It is your responsibility to file a Satisfaction of Judgment when you have been paid in full on your judgment. These are only general guidelines. You should ... HC 2151 requires a prevailing party in Superior Court to file a satisfaction of judgment within 40 days after receiving full payment, and permits the opposing ... When a money judgment is satisfied, the judgment creditor must immediately file an acknowledgement of satisfaction of judgment with the court. This section ... Date and Sign: At the bottom of the page, write the date you finish the form, and then sign the form. If your attorney is filing the form for you, your attorney ... The defendant cannot sell the real property until the lien is satisfied. JUDGMENT LIENS OF DRIVER'S LICENSES: You may file your judgment with the Motor Vehicle. You also may file a motion in the superior court of the county in which ... opposing a motion for summary judgment shall file a statement in the form prescribed. This request must include a statement of what the defendant continues to owe. The plaintiff will be notified by the Court of the date, time, and place that the ... ... sell the judgment debtor's property to pay the judgment. Many of a ... the Acknowledgment of Satisfaction of Judgment in Counterclaim form to tell the court.

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Arizona Motion for Satisfaction of Money Judgment by Judicial Sale