This form is a sample letter in Word format covering the subject matter of the title of the form.
Ohio Sample Letter for Notice of Judgment - Lien
Category:
State:
Multi-State
Control #:
US-0025LTR
Format:
Word;
Rich Text
Instant download
Description
How to fill out Sample Letter For Notice Of Judgment - Lien?
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FAQ
If the judgment debtor fails to pay, the judgment creditor may request that the court seize the debtor's property, sell it, and collect the judgment from the proceeds.
Once a creditor has a obtained the judgment, they seek to collect the money owed under the judgment through various means including: garnishing wages, placing a lien on a debtor's bank account and withdrawing money from that account pursuant to a court order or placing a judgment lien on personal property that a debtor ...
A creditor can obtain a judgment lien by filing a certificate of judgment with the clerk of the court of common pleas in any county where the debtor owns or may own real property in the future. Real property includes land and fixtures on land such as a single-family home or condo.
Regardless of whether any payments are made, your judgment does not last forever. In Ohio, judgments go ?dormant? in 5 years after the latter of: (a) when the judgment was issued, or (b) the last time it was used to create a lien, generate a seizure, obtain a garnishment order, or any other similar effort.
In order to release a lien, payment including court costs must be paid in full. The cost of releasing Ohio Department of Taxation, Bureau of Workers Compensation, Child Support, and City of Akron Liens is $60.50.
A judgment lien is one way to ensure that the person who won the judgment (the creditor) gets what he or she is owed. A judgment lien gives the creditor the right to be paid a certain amount of money from proceeds from the sale of the debtor's property.
