A Florida Release of Judgment Lien — By Creditor is a legal document that serves as evidence of the satisfaction and release of a judgment lien on a property by a creditor in the state of Florida. This document is typically filed with the county recorder's office to officially remove the judgment lien from the property's title. When a person obtains a judgment against another party in a Florida court, they often place a lien on the debtor's property to ensure that they can recover their owed money. However, once the debt has been satisfied, it is crucial for the creditor to release the judgment lien to clear the title and provide the debtor with the ability to sell or transfer the property without any encumbrances. A Florida Release of Judgment Lien — By Creditor typically includes essential information such as: 1. Creditor and debtor information: This includes the names and contact details of both the judgment creditor (the person who obtained the judgment) and the judgment debtor (the person against whom the judgment was granted). 2. Judgment details: The document will include the court case number, the date the judgment was entered, and the amount owed by the judgment debtor. This information is crucial to accurately identify the judgment being released. 3. Property details: The document will specify the details of the property against which the judgment lien was placed, including the property's legal description, address, and the effective date of the lien. 4. Release statement: The release document will explicitly state that the creditor releases and discharges the judgment lien from the specified property. It is important to note that there are no specific types of Florida Release of Judgment Lien — By Creditor documents for different circumstances. However, the process of releasing a judgment lien may vary depending on the unique situation, such as whether the debt was paid in full or through a settlement agreement. In summary, a Florida Release of Judgment Lien — By Creditor is a crucial legal document that allows a creditor to formally release a judgment lien on a debtor's property. By doing so, the creditor ensures that the debtor's property is free from any encumbrances and can be transferred or sold without any hindrances.
Florida Release of Judgment Lien - By Creditor
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How to fill out Florida Release Of Judgment Lien - By Creditor?
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FAQ
If the judgment debtor does not pay, you are entitled to get the sheriff to seize the judgment debtor's property. The seizing of property by the sheriff is called a levy. Once the sheriff has levied on the property, the sheriff will then sell it, and pay you out of the money the sheriff receives from the sale.
A judicial lien is created when a court grants a creditor an interest in the debtor's property, after a court judgment.
You can remove a lien in Florida by: Paying off your debt. Filling out a release-of-lien form. Getting the release-of-lien form notarized. Filing the release with the county recorder's office. Keeping a copy of the release in your possession.
To attach a lien, the creditor must record the judgment with the county recorder in any Florida county where the debtor owns real estate now or may own real estate in future. For liens on personal property, the creditor files the judgment with the Florida Department of State.
In Florida ?no judgment, order, or decree of any court shall be a lien upon real or personal property within the state after the expiration of 20 years from the date of the entry of such judgment.?18 In order to retain a lien for the maximum period of 20 years, the certified copy of the judgment must be recorded ...
How do I get a judgment lien on the debtor's real property? File a certified copy of your judgment in the real estate records of the county in which the property is located. The lien is in effect for 10 years, and it can be renewed for an additional ten years.
Judgment liens on personal property in Florida are filed with the Florida Department of State. Filing with the Department of State serves as public notice that the creditor (the person who won the judgment) has a monetary judgment placed against the debtor (the person who owes the money).
The Plaintiff who has won a judgment is called a ?judgment creditor? and the Defendant who has lost and had a judgment entered against him/her is called a ?judgment debtor?. The judgment creditor has ten years to collect on the judgment, and may renew the judgment for one more ten-year period.
