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 Mexico Release of Judgment Lien - Abstract of Judgment
Category:
State:
Multi-State
Control #:
US-OG-538
Format:
Word;
Rich Text
Instant download
Description
How to fill out Release Of Judgment Lien - Abstract Of Judgment?
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FAQ
How does a creditor go about getting a judgment lien in New Mexico? To properly attach the lien, the creditor files the judgment with the county clerk in any New Mexico county where the debtor owns property now or may own property in the future.
The lien created by the recorded Abstract of Judgment continues for 10 years from the date of entry of the money judgment, and can be renewed for additional 10-year periods.
An abstract judgment in real estate is also called a property lien. It's a lien against any real property you own in a particular county. This is separate from any mortgage that you may have taken out on the property.
An abstract is a brief summary of a judicial judgment, usually written by a barrister or academic for publication in law reports. Abstracts are of particular use in legal research because they condense the essential points of long, complex judgments into a few paragraphs.
The purpose of an abstract of judgment is to create a public record and create a lien or claim if necessary on any real estate owned or later acquired by the loser located in the county in which the abstract of judgment is recorded.
A case abstract is a concise summary of a legal case that provides the reader with an overview of the key facts, issues, and decisions made by the court. It is often used by law students to study cases and by lawyers to help clients understand the outcome of their case.
Abstract of judgement refers to a copy or summary of a court's judgement. Some common uses of the term ?abstract of judgement? include: In the context of a civil case, abstract of judgement is a document disclosing a monetary award issued by the court in favor of a judgement creditor against a judgement debtor.
NEW MEXICO A judgment is a lien on the real estate of the judgment debtor and expires after fourteen years.
