• US Legal Forms

New York Motion for Satisfaction of Money Judgment by Judicial Sale

State:
Multi-State
Control #:
US-03261BG
Format:
Word; 
Rich Text
Instant download

Description

A judicial foreclosure proceeding can be initiated at any time after default on a secured obligation or a judgment which constitutes a lien on real property. The following form is a complaint that adopts the "notice pleadings" format of the Federal Rules of Civil Procedure, which have been adopted by most states in one form or another. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

A New York Motion for Satisfaction of Money Judgment by Judicial Sale is a legal procedure that allows a party to obtain satisfaction of a money judgment through the forced sale of the judgment debtor's property. This motion is typically filed by a judgment creditor who has been awarded a monetary judgment but has not received payment. In New York, there are two main types of motions for satisfaction of money judgment by judicial sale: 1. Motion for Judicial Sale: This type of motion requests the court to order the sale of the judgment debtor's property to satisfy the outstanding money judgment. The property could include real estate, personal assets, or any other valuable belongings that can be liquidated to cover the debt. The motion outlines the details of the judgment, the amount owed, and provides supporting evidence of the judgment debtor's non-compliance with the court's order. 2. Motion for Order of Execution: This type of motion seeks an order from the court allowing the judgment creditor to seize and sell the judgment debtor's property to satisfy the judgment. The motion usually includes a request for a Writ of Execution, which is a legal document authorizing the sheriff or a court-appointed officer to take possession of the debtor's property and sell it at a public auction. To make a successful Motion for Satisfaction of Money Judgment by Judicial Sale in New York, it is crucial to include relevant keywords such as: — Monejudgmenten— - Judicial sale - Satisfaction motion — Judgmencreditto— - Judgment debtor - Forced sale — Ordeexecutionio— - Property seizure - Writ of Execution — Debtor's asset— - Liquidation of assets — Auction - Court-ordereSalal— - Non-compliance with court order — Proojudgmenten— - Debt satisfaction - Legal procedure By incorporating these keywords and providing detailed information about the motion, a powerful and relevant content can be created for describing what a New York Motion for Satisfaction of Money Judgment by Judicial Sale entails.

Free preview
  • Form preview
  • Form preview
  • Form preview

How to fill out New York Motion For Satisfaction Of Money Judgment By Judicial Sale?

You may spend hrs on the web searching for the legitimate file template that suits the state and federal specifications you will need. US Legal Forms provides 1000s of legitimate types that are reviewed by professionals. You can easily down load or printing the New York Motion for Satisfaction of Money Judgment by Judicial Sale from my support.

If you currently have a US Legal Forms bank account, you can log in and click on the Obtain button. Next, you can comprehensive, change, printing, or indication the New York Motion for Satisfaction of Money Judgment by Judicial Sale. Each legitimate file template you acquire is your own property for a long time. To obtain one more duplicate associated with a obtained type, go to the My Forms tab and click on the corresponding button.

Should you use the US Legal Forms internet site the very first time, stick to the basic guidelines listed below:

  • Initial, make certain you have selected the best file template to the area/city of your choice. Look at the type explanation to ensure you have selected the correct type. If offered, make use of the Review button to search throughout the file template as well.
  • If you wish to discover one more edition in the type, make use of the Look for field to get the template that fits your needs and specifications.
  • After you have located the template you want, click on Acquire now to move forward.
  • Find the rates program you want, key in your references, and sign up for a merchant account on US Legal Forms.
  • Total the transaction. You can utilize your charge card or PayPal bank account to purchase the legitimate type.
  • Find the formatting in the file and down load it in your gadget.
  • Make modifications in your file if necessary. You may comprehensive, change and indication and printing New York Motion for Satisfaction of Money Judgment by Judicial Sale.

Obtain and printing 1000s of file web templates while using US Legal Forms website, that offers the most important variety of legitimate types. Use specialist and condition-distinct web templates to tackle your business or individual requirements.

Form popularity

FAQ

How do I collect my money? If you know where the Judgment Debtor banks, you can ask the Sheriff to collect money from their account (bank account levy). If you know where the Judgment Debtor works, the Sheriff can collect 25% of the debtor's wages each pay period until your judgment is paid in full (wage garnishment).

When the debtor pays the judgment, the creditor must: File a Satisfaction of Judgment form with the Clerk within 20 days. The Satisfaction of Judgment form must be filed in the Court that entered the judgment, but if a Transcript of Judgment was filed in the County Clerk's office, it must be filed there; and.

How Long Are Judgments Valid in New York? Judgments are valid for 20 years and may be extended once for an additional period of 10 years. To extend a judgment for an extra ten (10) years, the Judgment Creditor must make written application to the court that issued the original judgment.

The creditor can often place a lien on your property, such as a house or car. The lien must usually be paid off before you can sell the property. Seize assets. Sometimes, a creditor can get a court order to seize other assets or personal property you own, such as a vehicle or real estate, to satisfy the debt.

A satisfaction of judgment is a document signed by a judgment creditor and generally filed with the court, indicating that a judgment has been paid in full.

The Judgment Creditor may file or request a Property Execution asking that the property be seized and sold with the sole proceeds being used to pay off the balance due on the Debtor's judgment. There is no charge for filing or requesting a Property Execution.

What you need to bring/send us: Copy of the Judgment. Completed Request for an Execution. Completed Affidavit in Support of Execution. Check or Money Order for $50.00 made out to "NYC Sheriff" Send to Sheriff County Office where Debtor is located.

Interesting Questions

More info

The Creditor should contact the Trustee in writing at the address listed on the Notice of Bankruptcy to file a claim and to find out whether the judgment debt ... May 3, 2021 — File a Satisfaction of Judgment form with the Clerk within 20 days. · Mail a copy of the Satisfaction within 10 days to the debtor; and · Send a ...the judgment debtor may have in real property which is subject to the satisfaction of a money judgment.60. CPLR 5203 provides that the rights of a judgment ... (a) Priority and lien on docketing judgment. ... a transfer or the payment of the proceeds of a judicial sale, which shall include an execution sale, in ... ENFORCEMENT OF MONEY JUDGMENTS. AGAINST REAL PROPERTY. IN NEW YORK. New York's statutory procedures for collecting money judgments through forced sales of ... When a money judgment is satisfied, the judgment creditor must immediately file an acknowledgement of satisfaction of judgment with the court. This section ... Read Section 5205 - Personal property exempt from application to the satisfaction of money judgments, N.Y. CPLR 5205, see flags on bad law, and search ... Your court may allow the judgment debtor to make payments through the county court. The clerk of the court has forms available to assist the judgment creditor ... Use the packet How to File a Motion in the Superior Court of New Jersey . The petition needs to include the amount due. If approved, the court issues an ... THEREFORE, full satisfaction of said judgment is hereby acknowledged, and the Clerk of the. County of Suffolk is hereby authorized and directed to make an entry ...

Trusted and secure by over 3 million people of the world’s leading companies

New York Motion for Satisfaction of Money Judgment by Judicial Sale