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.
Colorado Release of Judgment Lien
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How to fill out Release Of Judgment Lien?
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* After you have been fully paid what you are owed, fill out JDF 111 Satisfaction of Judgment and file it with the court. You must sign this form in front of a Notary Public of court clerk. You can find a Notary Public by looking in the Yellow Pages, on the internet, or by going to your local bank.
A judgment creditor can use law enforcement to collect. Having won a judgment, the creditor can levy bank accounts, garnish wages, and a receiver in a business in order to collect the debt. The creditor can make you show up in court and testify about your assets and their locations.
Complete a Satisfaction of Judgment (JDF 111) and file with the Court. Step 2: Mail a copy of the Satisfaction of Judgment to the Judgment Debtor, and Garnishee if any. Recorder to release the lien.
Colorado law is unique in how it treats the life of judgments. A county court judgment is valid 6 years and a district court judgment is valid for 20. Judgments may be renewed for 6 or 20 years, respectively (§ 13-52-102).
Rule 69 - Execution and Proceedings Subsequent to Judgment (a) In General. Except as provided in C.R.C.P. 103 or an order of court directing otherwise, process to enforce a final money judgment shall be by writ of execution. (b) Proceedings for Costs.
Generally, a lien of judgment expires six years after the entry of judgment unless revived. Colo. Rev.
If the debtor does not comply with the court order to pay you, your attorney can file a Transcript of Judgment to obtain a lien on their property so that it can be used in collection proceedings. If the debtor has property in more than one county, you must record this in every county where the property is owned.
