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Technically, there is a statute of limitation on the lien of 20 years which, if expired, may result in the lien being extinguished.
Massachusetts provides lien rights to parties to secure payment of a sum owed by an owner of real estate.
These judgment liens do have a statute of limitations in Massachusetts but are up to 20 years on any real estate with an extension permitted for another 5 years. So even though you may not want to sell the property now, this is a problem you want to solve way before you do.
Bank Lien. A lien is often granted when an individual takes out a loan from a bank to purchase an asset. For example, if an individual purchases a vehicle, the seller would be paid using the borrowed funds from the bank. In turn, the bank would be granted a lien on the vehicle.
How Can I Get Rid of my Judgement Lien in Massachusetts? Contact the creditor that filed the lien and try to come to a deal with them directly. Make payment arrangements with the creditor if you cannot pay in full. Simply pay the lien amount in full.
The creditor files the judgment with the registrar of deeds in any Massachusetts county where the debtor has real estate now or may have real estate in the future. For liens on personal property, the creditor files a copy of the judgment with the city or town clerk.
Yes, a lien may be placed on property that is jointly owned.
How does a creditor go about getting a judgment lien in Massachusetts? The creditor files the judgment with the registrar of deeds in any Massachusetts county where the debtor has real estate now or may have real estate in the future.