Rhode Island Partial Release of Judgment Lien | A Detailed Description and Types In Rhode Island, a Partial Release of Judgment Lien refers to a legal document that allows a creditor to release a portion of the property from being encumbered by a judgment lien. This release is typically granted when the debtor has paid off a certain portion of the judgment debt. It is an essential tool that helps debtors regain control over their property while ensuring the creditor is still protected. The Partial Release of Judgment Lien is filed with the Rhode Island Superior Court, where the original judgment was entered. It requires accurate and detailed information, including the parties' names involved, the court case number, and a clear description of the property being released. This document acts as evidence that part of the property is no longer subject to the judgment lien. As for the different types of Rhode Island Partial Release of Judgment Lien, they can be classified based on the specific circumstances under which they are granted: 1. Partial Release of Judgment Lien due to Partial Payment: This type of release is granted when the debtor has made a partial payment towards the judgment debt. The creditor acknowledges the payment and agrees to release a portion of the property from the encumbrance of the lien. 2. Partial Release of Judgment Lien due to Negotiated Settlement: Sometimes, the debtor and creditor may come to a negotiated settlement, resulting in a partial payment towards the judgment debt. In such cases, a Partial Release of Judgment Lien is filed, releasing a portion of the property as agreed upon in the settlement. 3. Partial Release of Judgment Lien due to Extinguishment of Debt: If the judgment debt is extinguished by the debtor through payment or any other means, a Partial Release of Judgment Lien is filed. This releases the entire property from the lien, as the debt has been fully satisfied. It is important to note that the process of obtaining a Partial Release of Judgment Lien in Rhode Island can be complex, and it is recommended to consult with an attorney or legal professional to ensure accuracy and compliance with the relevant laws and procedures. In conclusion, a Rhode Island Partial Release of Judgment Lien is a legal document that allows a creditor to release a portion of the property from being encumbered by a judgment lien. Its purpose is to provide debtors with relief while still protecting the creditor's interests. Different types of partial releases can be granted based on factors such as partial payments, negotiated settlements, or the complete extinguishment of the judgment debt.
Rhode Island Partial Release of Judgment Lien
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How to fill out Rhode Island Partial Release Of Judgment Lien?
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How does a creditor go about getting a judgment lien in Rhode Island? To attach the lien, the creditor must request execution of attachment within 48 hours after entry of the judgment, then file the execution with the town clerk or recorder of deeds in the Rhode Island town where the debtor's property is located.
Judgment Liens on Your Massachusetts Property Find the Registry of Deeds for your county and search county land records under the address where the property is located in Massachusetts as well as under the possible names of the people who own, or who you think own, that property.
Make payment arrangements with the creditor if you cannot pay in full. Simply pay the lien amount in full. Request a satisfaction of the lien, if you have paid it off, or you feel it's in error. File the satisfaction of lien with the courts as soon as you receive it.
RHODE ISLAND A lien executed against real property is deemed discharged after twenty years from the date of the judgment. R.I. Gen. Laws § 9-26-33.
Money judgments automatically expire (run out) after 10 years. To prevent this from happening, you as the judgment creditor must file a request for renewal of the judgment with the court BEFORE the 10 years run out.
§ 6502 and MA Title Standard No. 54. Massachusetts Tax Liens ? Same as federal tax liens, except they expire 10 years and 30 days after the assessment date.
How long does a judgment lien last in Massachusetts? A judgment lien in Massachusetts will remain attached to the debtor's property (even if the property changes hands) for 20 years (for liens on real estate) or 30 days (for liens on personal property).
It's not impossible to sell a house in Massachusetts with a lien; it just takes some time and creativity. If you don't have the funds to settle the debt in full, consider getting legal representation. The right professional can help you fight the debt and get the lien cleared.
