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.
Ohio Motion for Satisfaction of Money Judgment by Judicial Sale
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How to fill out Motion For Satisfaction Of Money Judgment By Judicial Sale?
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But a judgment from an Ohio court is valid for 5 years, and then becomes dormant unless revived, giving creditors the ability to collect on judgments for much longer. Section 2325.18(B) sets Ohio's statute of limitations for judgment enforcement at fifteen years.
If you win a judgment and the other party does not pay, you may start collection proceedings. Certain methods for collecting judgments such as bank and earnings garnishments, liens and attachments are permitted under the law. Filings on these actions can be made in the Clerk's Office Civil Division.
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.
And some states also allow judgment liens on the debtor's personal property -- things like jewelry, art, antiques, and other valuables. In Ohio, a judgment lien can be attached to real estate only (such as a house, land, or similar property interest).
WAGE GARNISHMENT: To garnish the Defendant's wages, you must first send by certified mail or ordinary mail with a certificate of mailing (purchased at the post office), a copy of a form called a Fifteen Day Demand or Notice of Court Action to Collect Debt.
If a judgment is entered against an individual and that individual pays the judgment, either in full or in an amount the judgment creditor agrees to accept as full payment, the creditor then files a satisfaction of judgment with the court.
Under Ohio law, a court order gives the creditor the right to collect money by garnishing your wages or your bank account, putting a lien on your real property or seizing your personal property.
Collecting Your Judgment WAGE GARNISHMENT: You may have the wages of the Defendant garnished. ... EXECUTION OF PERSONAL PROPERTY: For a deposit of $450.00 or more as determined by the Court, you may attach nonexempt property of the defendant to satisfy your judgment. ... CERTIFICATE OF JUDGMENT: