The Florida Release of Judgment Lien — Abstract of Judgment is an important legal document used to remove a judgment lien from a property. When a person or business obtains a judgment against someone in a Florida court, they may file a lien against the debtor's property to secure the debt. However, when the debt is paid off or resolved, the creditor must release the lien. This is done through the process of filing a Release of Judgment Lien — Abstract of Judgment. The Release of Judgment Lien — Abstract of Judgment is typically filed with the Clerk of Court in the county where the judgment was initially recorded. It is essential to have this document recorded to ensure the property owner's clear title and to remove any claim or encumbrance on the property caused by the judgment lien. In Florida, there are several types of Release of Judgment Lien — Abstract of Judgment, depending on the circumstances and the type of judgment lien being released. Some common types include: 1. Release of Judgment Lien — Abstract of Judgment by Full Satisfaction: This type of release is used when the full judgment amount, including any interest or fees incurred, has been paid in full by the debtor. It signifies that the judgment lien has been satisfied, and the creditor no longer has any claim against the property. 2. Release of Judgment Lien — Abstract of Judgment by Partial Satisfaction: In some cases, the debtor may only be able to pay off a portion of the judgment amount. In such situations, a Release of Judgment Lien — Abstract of Judgment by Partial Satisfaction is filed to acknowledge the partial payment while maintaining the lien to the extent the judgment remains unsatisfied. 3. Release of Judgment Lien — Abstract of Judgment by Compromise: Occasionally, creditors and debtors may agree to settle the judgment amount for a lesser sum. This type of release is used when a compromise is reached between the parties involved, and the agreed-upon amount is paid as satisfaction of the judgment lien. 4. Release of Judgment Lien — Abstract of Judgment by Bankruptcy Discharge: If the debtor goes through bankruptcy proceedings and receives a discharge that includes the judgment debt, a Release of Judgment Lien — Abstract of Judgment by Bankruptcy Discharge is filed to release the judgment lien from the property. It is crucial for creditors and debtors involved in a judgment lien situation to understand the specific type of Release of Judgment Lien — Abstract of Judgment that applies to their case. This will ensure the correct documentation is prepared and filed with the appropriate authorities to release or modify the judgment lien effectively. Consulting with an experienced attorney can greatly assist in navigating the complexities of this legal process.
Florida Release of Judgment Lien - Abstract of Judgment
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FAQ
An abstract judgment in real estate is also called a property lien. It's a lien against any real property you own in a particular county. This is separate from any mortgage that you may have taken out on the property.
Record a Certified Copy of the Final Judgment The recording fee is $10.00 for the first page and $8.50 for each page thereafter. In addition there is a fee of $1.00 per name after the first four names. The recorded judgment shall be a lien as provided by Florida Statute 55.10.
Judgment is a court decision that settles a dispute between two parties by determining the rights and obligations of each party. Judgments are classified as in personam, in rem, or quasi in rem. Judgments are usually monetary, but can also be non-monetary, and are legally enforceable.
Judgment Lien File online with a credit card. OR. Complete the fillable PDF form using your computer. Print and sign it. Mail the document with payment to the Division of Corporations. OR. Print the PDF form. Complete it using blue or black ink. Sign it. Mail the document with payment to the Division of Corporations.
The purpose of an abstract of judgment is to create a public record and create a lien or claim if necessary on any real estate owned or later acquired by the loser located in the county in which the abstract of judgment is recorded.
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.
This judgment is of two kinds, namely, interlocutory or final. JUDGMENT IN REPLEVIN, is either for the plaintiff or defendant.
To do this, fill out an EJ-001 Abstract of Judgment form and take it to the clerk's office. After the clerk stamps it, record it at the County Recorder's Office in the county where the property is located. Place a lien on a business.
