Description: A California Release of Judgment Lien — By Creditor is a legal document that releases a creditor's claim or lien on a debtor's property or assets. When a creditor obtains a judgment against a debtor in a California court, they may place a lien on the debtor's property or assets to secure the debt owed. However, if the debtor fulfills their obligations or the debt is satisfied in some other way, the creditor can file a Release of Judgment Lien to remove the lien from the debtor's property. Keywords: California, Release of Judgment Lien, Creditor, property, assets, debtor, legal document, lien removal, debt satisfaction. Types of California Release of Judgment Lien — By Creditor: 1. Full Release of Judgment Lien: This type of release completely eliminates the judgment lien from the debtor's property or assets. It signifies that the debt has been paid in full, and the creditor no longer has any rights or claims to the debtor's property. 2. Partial Release of Judgment Lien: In some cases, the debtor may pay off a portion of the debt owed. When this happens, the creditor can file a partial release of the judgment lien, indicating that a portion of the debt has been satisfied. The lien remains on a reduced value of the property or assets. 3. Conditional Release of Judgment Lien: If the debtor agrees to specific conditions set by the creditor or enters into a payment plan, the creditor may file a conditional release of the judgment lien. This type of release enables the debtor to retain ownership of the property, but the lien remains in effect until the conditions set by the creditor are fulfilled. 4. Release of Judgment Lien — By Mutual Agreement: Sometimes, the creditor and debtor reach a mutual agreement to release the judgment lien. This typically occurs when the parties negotiate a settlement or alternative payment arrangement. Both parties consent to the lien release, and the debtor's property is no longer encumbered. Choosing the appropriate type of release of judgment lien depends on the specific circumstances and agreement between the creditor and debtor. It is important for both parties to consult legal professionals to ensure compliance with California laws and to protect their respective rights and interests in the process.
California Release of Judgment Lien - By Creditor
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How to fill out California Release Of Judgment Lien - By Creditor?
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To remove a lien, file a certified copy of the Acknowledgment of Satisfaction of Judgment (form EJ-100) with each county recorder's office where you put the lien on their property.
Get the form SC-135: Notice of Motion to Vacate Judgment. You must explain on the form why you did not come to court. File the form with the Small Claims Court Clerk's Office at the court where your case was heard. Pay the filing fee.
Write the name and last known address of the judgment debtor in the space provided. You may also include any known aliases used by the judgment debtor. Fill in the last 4 digits of the judgment debtor's driver license number and state where it was issued, if you know them.
Get the form called Notice of Motion to Vacate Judgment from the small claims clerk. 2. Fill the form out and file it with the small claims clerk with a filing fee. You must do this within 30 days of the date of mailing that written on the Notice of Entry of Judgment you received from the court.
If your judgment has already expired, you should consult an attorney before taking any action. California judgments last for 10 years from the date they were entered.
To remove a lien you have to pay the judgment and get the judgment creditor to complete a notarized Acknowledgment of Satisfaction of Judgment (EJ-100) . Either party can eFile the form to the court.
Remove liens (if any) To remove a lien, file a certified copy of the Acknowledgment of Satisfaction of Judgment (form EJ-100) with each county recorder's office where you put the lien on their property.
If you know where the Judgment Debtor banks, you can ask the Sheriff to collect money from their account (bank account levy). If you know where the Judgment Debtor works, the Sheriff can collect 25% of the debtor's wages each pay period until your judgment is paid in full (wage garnishment).
