Oregon Lien Record Abstract
Description
How to fill out Oregon Lien Record Abstract?
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FAQ
An abstract of judgment filed in the county land records gives the creditor a lien on any real estate the debtor owes in that county. The lien gives the creditor legal interest in the property and typically prevents owner from selling the property or getting a mortgage.
The wise judgment creditor will make sure it is renewed at least every 10 years or it will expire. Note that any liens created by filing and recording an Abstract of Judgment must also be renewed.When the judgment is renewed, the interest that has accrued will be added to the principal amount owing.
How long does a judgment lien last in California? A judgment lien in California will remain attached to the debtor's property (even if the property changes hands) for ten years.
California allows the judgment to last ten years and it can be renewed for an additional ten years if the creditor files the required forms in a timely fashion. Failure to renew the judgment prior to the ten-year time limit voids the judgment forever.
Oregon judgments expire after 10 years from the date of entry by a court, unless a creditor (i.e., you or your attorney) files a certificate within that 10 year time period to have enforcement of the judgment extended for another 10 years.
