Maine Release of Judgment Lien on Properties and Assets of Defendant

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US-00972BG
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Description

A judgment lien is created when a court grants a creditor an interest in the debtor's property, based upon a court judgment. A plaintiff who obtains a monetary judgment is termed a "judgment creditor." The defendant becomes a "judgment debtor."


Judgment liens may be created through a wide variety of circumstances. Laws regarding judgment liens vary by jurisdiction, so local laws should be consulted.

How to fill out Release Of Judgment Lien On Properties And Assets Of Defendant?

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FAQ

A judgment lien can be imposed on your property only after somebody sues you and wins a money judgment against you. In most states, the "judgment creditor," or the person or company who won, must record the judgment by filing it with the county or state.

A judgment lien in Maine will remain attached to the debtor's property (even if the property changes hands) for 20 years.

In Maine, a mechanics lien must be filed within 90 days of the date when you last furnished labor or services to a project. Note that general contractors are allowed to enforce a mechanics lien in court without first filing a lien with the Registry of Deeds.

Ing to the mechanics lien law, after your notices are served timely the lien must be filed in the county recorder's office in the county where the property is located. The lien may either be served by certified mail, return receipt requested, or personally served on each of the parties.

Judgment liens are involuntary, general liens. If a lawsuit results in a money judgment against the loser, the winner (judgment creditor) may obtain a lien against the loser's (the judgment debtor's) property.

A judicial lien is created when a court grants a creditor an interest in the debtor's property, after a court judgment.

Involuntary Lien: A lien imposed against property without consent of the owner. Taxes, special assessments, federal income tax liens, and State tax liens are examples of involuntary liens.

A lien may be renewed once for a period of 20 years from the filing or recording of a renewal, pluries or alias writ of execution in the same manner as the original writ of execution was filed or recorded, with the same notice as required by subsection 5. A.

In Maine, all lien claimants without a contract directly with the property owner must file their lien claim (called a Notice of Lien) in the registry of deeds for the county in which the property is located within 90 days of the date of last furnishing labor or materials for the project.

A judgment lien is a type of non-consensual lien (a lien that attaches to a property without the owner's agreement). It's created when someone wins a lawsuit against the property owner and then records the judgment against an asset such as a house, land, bank account, or other personal assets.

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Maine Release of Judgment Lien on Properties and Assets of Defendant