A Rhode Island Release of Judgment Lien — By Creditor is a legal document used by a creditor to release a judgment lien placed on a debtor's property in Rhode Island. When a creditor obtains a judgment against a debtor in a court of law, they may place a judgment lien on the debtor's property to secure the repayment of the debt. However, if the debtor fulfills their financial obligations and pays off the judgment, the creditor must release the lien to clear the title of the property. In Rhode Island, there are two main types of Release of Judgment Lien — By Creditor: 1. Voluntary Release of Judgment Lien: This type of release occurs when the creditor voluntarily releases the judgment lien without any legal action from the debtor. The creditor may choose to release the lien if the debt has been repaid in full, or if the debtor has entered into a settlement agreement or negotiated a payment plan that satisfies the debt. 2. Compulsory Release of Judgment Lien: In some cases, the debtor may need to take legal action to compel the creditor to release the judgment lien. This type of release is initiated by the debtor by filing a motion with the court requesting the release of the judgment lien. The court will review the debtor's request and may issue an order for the release of the lien if it determines that the debt has been satisfied or if there are other valid grounds for the release. When drafting a Rhode Island Release of Judgment Lien — By Creditor, it is crucial to include several essential details. These may include the names and addresses of both the creditor and debtor, the date the judgment was entered, the court where the judgment was obtained, the docket or case number, the legal description of the property subject to the lien, and a statement indicating that the debt has been fully satisfied or that the creditor is voluntarily releasing the lien. The use of relevant keywords in this context could include: Rhode Island, Release of Judgment Lien, Creditor, Voluntary Release, Compulsory Release, Debtor, Property, Repayment, Court, Settlement Agreement, Payment Plan, Motion, Order, Satisfaction.
Rhode Island Release of Judgment Lien - By Creditor
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How to fill out Rhode Island Release Of Judgment Lien - By Creditor?
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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.
Within 28 days after payment in full of the amount due on a judgment that is the basis for a judgment lien, the judgment creditor or the judgment creditor's attorney shall record a discharge of judgment lien with the office of the register of deeds where the judgment lien is recorded.
Your judgment lien release lawyer in Texas, will send the necessary paperwork to the creditor to release the lien on the homestead. Your attorney can take additional action if the creditor refuses. Generally, a partial release can be obtained in 45 days or less, even if the creditor refuses to comply.
Who can file a Rhode Island mechanics lien? Contractors, as well as subcontractors, sub-subcontractors and suppliers who have a contract with a general contractor or a subcontractor can file a Rhode Island construction lien. Rhode Island Faq - LienItNow LienItNow ? rhode-island-faq LienItNow ? rhode-island-faq
Yes, a lien may be placed on property that is jointly owned. Can a Lien be Placed on Jointly Owned Property? - Coover Law Firm cooverlaw.com ? faqs ? real-estate-faqs ? ca... cooverlaw.com ? faqs ? real-estate-faqs ? ca...
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 Property in Rhode Island | Nolo Nolo ? legal-encyclopedia ? judgme... Nolo ? legal-encyclopedia ? judgme...
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). Judgment Liens on Property in Massachusetts - Nolo nolo.com ? legal-encyclopedia ? judgment-l... nolo.com ? legal-encyclopedia ? judgment-l...
