Delaware Release of Judgment Lien is a legal document that serves to lift or remove a judgment lien placed on a property in Delaware. A judgment lien is created when a court awards a judgment against an individual or entity in a civil lawsuit and attaches the judgment to their property as a means of securing the debt owed. To clear the property's title from this encumbrance, a Release of Judgment Lien needs to be filed. The Delaware Release of Judgment Lien can be categorized into two types based on the circumstances in which it is issued: 1. Voluntary Release of Judgment Lien: This type of release is initiated by the judgment creditor or the party who obtained the judgment. Upon receiving full payment or satisfaction of the judgment debt, the creditor voluntarily releases the judgment lien. The release document should contain details of the original judgment, the parties involved, and the property affected. It must be notarized and recorded with the appropriate county recorder's office to ensure the lien is legally lifted. 2. Certificate of Satisfaction: This type of release is issued by the judgment debtor, the party against whom the judgment was awarded. It confirms the satisfaction of the judgment debt, acknowledging that it has been paid in full. The Certificate of Satisfaction also requires notarization and recording to effectively remove the judgment lien from the property deed. In both cases, the document's content should include specific keywords for improved understanding and search engine optimization: — Delaware Release of Judgment Lie— - Voluntary Release of Judgment Lien — Certificatsatisfactionio— - Judgment creditor — Judgment deb—or - Court-awarded judgment — Property encumbranc— - Clearing property title — Civil lawsui— - Satisfaction of judgment debt — Recording with county recorder's office Notarizationio— - Property deed - Removal of lien — Legal document Remember, it is crucial to consult a legal professional to ensure accuracy and compliance with the relevant Delaware laws and procedures when drafting or using a Release of Judgment Lien.
Delaware Release of Judgment Lien
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How to fill out Delaware Release Of Judgment Lien?
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FAQ
Removing A Judgment from Your Record There are only three ways in which a judgment can be made to go away: paying the debt, vacating the judgment or discharging the debt through bankruptcy.
Judgments Judgments are presumed valid for 20 years Judgment Liens on Real Property expire 10 years after entry Judgment Liens can be: a) renewed prior to the 10 year lien expiration or b) revived after the expiration of 10 years unless the judgment debtor shows good cause as to why the lien should not be renewed.
A judgment in the Justice of the Peace Court is good for five years. Thereafter, court procedures may be used to attempt to collect a judgment only if the judgment is revived by scire facias. To revive a judgment by scire facias, the plaintiff should file a motion to revive the judgment.
To do so, you must file a Praecipe with the Court requesting a Writ of Attachment for a wage attachment, or Writ of Fi Fa to levy on goods and chattels. If you are seeking a wage attachment, under Federal and Delaware Law, a portion of the debtor's wages are exempt from the execution process.
A plaintiff seeking to vacate a non-suit judgment should explain why he or she failed to appear at the time scheduled. A motion to vacate a non-suit judgment should be filed within the following time: Summary Possession (Landlord/Tenant) Actions - within 10 days of the entry of the non-suit judgment.
