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.
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Question: What type of lien arises as a result of a judgment, estate or inheritance taxes, a decedent's debts, or federal taxes? Answer: The answer is general. Each creates a general lien?a claim against all personal and real property of the debtor.
A mortgage is a specific, voluntary lien. It is specific to the piece of property and is voluntary because it was agreed to by the property owner. A judgment lien is an example of a general, involuntary lien. Judgment liens can be applied against any of an individual's assets.
NEW MEXICO A judgment is a lien on the real estate of the judgment debtor and expires after fourteen years.
A judicial lien is created when a court grants a creditor an interest in the debtor's property, after a court judgment.
What documents do you require to release a lien on a property? U.S. District Court requires an original or certified copy of the Short Form Deed of Trust, and an Order from the appropriate Judge.
A judgment is a general, involuntary, equitable lien on both real and personal property owned by the debtor.
Any money judgment rendered in the supreme court, court of appeals, district court or metropolitan court shall be docketed by the clerk of the court and a transcript or abstract of judgment may be issued by the clerk upon request of the parties.
GENERAL LIENS: Involuntary liens, usually affect all of a debtor's property both real and personal, and include judgments, estate and inheritance taxes, income tax, debts of a deceased person, IRS taxes, and federal judgement liens, TWC Wage Lien.
