Washington Satisfaction of Judgment is a legal process used to release a judgment debtor from the obligation of a court judgment. It is used when the judgment debtor has paid the judgment in full or when the parties have reached an agreement for a lesser amount. The process involves filing a document with the court that states the judgment has been satisfied. There are two types of Washington Satisfaction of Judgment: voluntary and involuntary. Voluntary Satisfaction of Judgment occurs when the parties involved in the case agree to a settlement and voluntarily sign a Satisfaction of Judgment document. Involuntary Satisfaction of Judgment occurs when the court orders the judgment debtor to pay the judgment in full and the court issues a Satisfaction of Judgment document.
Washington Satisfaction of Judgment
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How to fill out Washington Satisfaction Of Judgment?
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FAQ
Tells the court and others that a judgment has been paid in full or in part. Can be recorded with a county to release a lien against the judgment debtor's land or filed with the Secretary of State to release a lien against the debtor's personal property.
How long does a judgment lien last in Washington? A judgment lien in Washington will remain attached to the debtor's property (even if the property changes hands) for ten years.
Generally, a defendant/debtor must pay the judgment within 30 days or within the amount of time mandated by the court. If a judgment debtor does not pay, the court cannot collect the debt for you. However, you can pursue collection on your own.
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.
If the prevailing party receives payment of the judgment, the prevailing party shall file a satisfaction of such judgment with all courts in which the judgment was filed.
Satisfaction of a judgment means that the judgment is no longer a lien on the debtors real property. The courts cannot control the actions of third parties, but usually, the fact of satisfaction is recorded by the major credit reporting agencies and included in the debtors credit history.
A money judgment in your favor does not necessarily mean that the money will be paid, but you can take steps to collect that money. Two of the most common methods involve using the garnishment process to take money from a paycheck or a bank account, or hiring a collection agency to seek payment.
The Satisfaction of Judgment form should be signed by the judgment creditor when the judgment is paid, and then filed with the court clerk. Don't forget to do this; otherwise, you may have to track down the other party later. It's easy to get a copy of a Satisfaction of Judgment form.