Maryland Release of Judgment Lien

State:
Multi-State
Control #:
US-OG-120
Format:
Word; 
Rich Text
Instant download

Description

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.

How to fill out Release Of Judgment Lien?

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FAQ

MD Rule 2-621. If a judgment debtor owns property in a different county than where the judgment was recorded and indexed, a copy of the judgment may be transmitted to that county and recorded. MD Rule 2-622. In the District Court, liens do not automatically attach to real property owned by the judgment debtor.

Once the waiting period passes, there are three different ways you can collect on the judgment: Garnishing the other person's wages; Garnishing the other person's bank account; or. Seizing the other person's personal property or real estate.

Judgment proof is a description of a person who does not have enough assets for a creditor to seize when a court order requires debt repayment. A debtor who is broke and unemployed can be considered judgment proof, as can a debtor who only has certain legally protected types of assets or income.

You can file a motion to revise or vacate (cancel) the judgment in writing within 30 days after the date of the judgment. This motion is usually filed to correct clerical errors, or to vacate a judgment if you believe that you were not served with the court papers or were not notified of the court date.

A party may move for judgment on any or all of the issues in any action at the close of the evidence offered by an opposing party, and in a jury trial at the close of all the evidence. The moving party shall state with particularity all reasons why the motion should be granted.

The creditor must file a lawsuit against you in court to enforce the debt within 3 years, or they will lose the legal right to enforce that debt against you in court. For credit cards, the 3-year period begins to run on the date the debt is ?incurred.? Md. Code Ann., Cts. & Jud.

A creditor who obtains a judgment against you is the "judgment creditor." You are the "judgment debtor" in the case. A judgment lasts for 12 years and the plaintiff can renew the judgment for another 12 years.

In Maryland, a judgment is only valid for twelve (12) years. If you have not been able to collect your judgment within that time, you will have to renew the judgment to continue your collection efforts. Complete the Request to Renew Judgment (form DC-CV-023) and file it with the court.

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Maryland Release of Judgment Lien