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.
New Jersey Release of Judgment Lien
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How to fill out Release Of Judgment Lien?
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FAQ
My Property Has a Lien ? Now What? Pay Off the Lien ? Once you determine that the lien is valid, the simplest method for removing it is to pay it off. ... Request a Release-of-Lien Form ? After paying off the balance of your debt in full, the creditor will file a release-of-lien form.
A judgment lien gives you personal stake in a debtor's property. In other words, it allows you to turn an unsecured loan or debt into a secured one. The debtor cannot sell his or her property with a clear title unless they pay back the delinquent balance owed against the lien.
If the money is not collected (liens) Request to have the judgment recorded as a lien against any real estate the debtor owns. Once the judgment is recorded in the Superior Court, the debtor cannot sell with clear title any real estate owned in New Jersey until the debt is paid.
After a creditor sues you and wins a judgment in court, the judgment can become a lien on all real estate owned by the debtor. Law Division judgments for money damages are a lien against any real estate owned by the defendant in the State of New Jersey.
One way to deal with a judgment is by getting the creditor to issue a warrant of satisfaction stating that the judgment is no longer owed. This will only be issued if the judgment is paid in full or the parties come to another arrangement through settlement.
A judgment from another state can be enforced by docketing it with the Clerk of the Superior Court in Trenton. It will then be a lien on any real estate owned by the debtor in New Jersey and other collection efforts must be made through the Sheriff's Office in the county where the debtor has assets.
Under the New Jersey Court Rules, creditors must first obtain a writ of execution from the court before engaging in post-judgment collection practices. The writ of execution gives the creditor the legal authority to take certain actions, such as wage garnishment or property liens, to collect the debt.
There is no fee to file a warrant to satisfy judgment for cases with docket numbers beginning with ?J? and there is a $50.00 fee for cases with docket numbers beginning with ?DJ.?
