A judgment lien is created when a court grants a creditor an interest in the debtor's property, based upon a court judgment. A plaintiff who obtains a monetary judgment is termed a "judgment creditor." The defendant becomes a "judgment debtor."
Judgment liens may be created through a wide variety of circumstances.
Pennsylvania Lien on Real Property Regarding Judgment in a Federal Court is a legal mechanism used to enforce a judgment obtained in a federal court against a property located in Pennsylvania. When a judgment is entered in a federal court against an individual or entity, the winning party may obtain a lien on the real property owned by the losing party. The Pennsylvania Lien on Real Property Regarding Judgment in a Federal Court provides a way for the winning party to secure the debt owed to them by attaching it to the property. This ensures that the losing party cannot sell or transfer the property without satisfying the judgment first. There are several types of Pennsylvania Liens on Real Property Regarding Judgment in a Federal Court, including: 1. Judgment Lien: This type of lien is created when a judgment is entered against a debtor. The lien attaches to the debtor's real property, including land and any improvements upon it. It remains in effect for a specific period, usually ten years, unless the judgment is satisfied or renewed. 2. Li's Pendent: In Pennsylvania, a Li's Pendent is a notice filed with the county recorder or clerk of courts to inform potential buyers or lenders that a specific property is subject to a pending lawsuit or judgment. This notice acts as a warning that any transfer of the property may be subject to the outcome of the pending litigation. 3. Garnishment Lien: If the judgment debtor is employed or receives income from rental properties, the winning party can obtain a garnishment lien. This allows them to collect a portion of the debtor's income or rental payments to satisfy the judgment. 4. Attachment Lien: An attachment lien is a temporary lien placed on the debtor's property as a means of securing the judgment while the lawsuit is ongoing. It prevents the debtor from selling or transferring the property before a final judgment is reached. 5. Execution Lien: Once the judgment is final, the winning party can obtain an execution lien, which allows them to execute the judgment by selling the debtor's property to satisfy the debt owed. Overall, the Pennsylvania Lien on Real Property Regarding Judgment in a Federal Court provides an effective means for enforcing federal court judgments against real property located in Pennsylvania. It allows the winning party to secure their debt and ensures that the losing party cannot evade paying the judgment by transferring or selling the property.
