A Washington Release of Judgment Lien — By Creditor is a legal document that serves as evidence of the release and satisfaction of a judgment lien by the creditor. This document is crucial for creditors in Washington state who have previously obtained a judgment lien against a debtor's property but wish to release it. The release of judgment lien signifies that the debt has been paid in full, the judgment has been satisfied, or the creditor has decided to waive their claim on the debtor's property. It is important for creditors to file this document with the appropriate county recorder's office, as it officially removes the lien from the property's title, preventing any encumbrances on the debtor's assets. Keywords: Washington, Release of Judgment Lien, Creditor, satisfaction, evidence, debtor's property, paid in full, waive claim, county recorder's office, encumbrances, assets. Different types of Washington Release of Judgment Lien — By Creditor may include: 1. Voluntary Release: This type of release occurs when the creditor intentionally decides to release the judgment lien without any coercion or external factors. It usually happens when the debtor has made full payment or the creditor decides to release their claim voluntarily. 2. Satisfaction of Judgment: This version of release is applicable when the judgment lien was attached to the debtor's property due to a court judgment. Once the debtor satisfies the judgment, the creditor files a release to acknowledge the debt has been paid and to remove the lien from the property. 3. Non-Waiver Release: In certain cases, a creditor may release a judgment lien with a non-waiver provision, indicating that the release does not waive their right to reattach the lien if the debtor fails to comply with specific conditions or future obligations. 4. Extinguishment of Lien: This type of release operates when the judgment lien is canceled or terminated due to a legal action, such as bankruptcy, foreclosure, or expiration of the lien duration. The creditor files the release to eliminate any lingering claim on the debtor's property. 5. Partial Release: Instead of releasing the entire judgment lien, a creditor may choose to release only a portion of it. This could occur when the debtor partially satisfies the debt or provides collateral that covers a fraction of the lien amount. The partial release allows the debtor to retain ownership rights to the released portion of the property. Note that the above types of releases are general categories and may have specific variations or requirements depending on Washington state law. It is recommended to consult with a legal professional or resource for accurate guidance when preparing a Washington Release of Judgment Lien — By Creditor.
Washington Release of Judgment Lien - By Creditor
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How to fill out Washington Release Of Judgment Lien - By Creditor?
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FAQ
A judgment lien in Washington will remain attached to the debtor's property (even if the property changes hands) for ten years.
A judgment lien on the debtor's property is created automatically when the property is in the same Washington county where the judgment is entered. But when the debtor's property is in another Washington county, the creditor must file the judgment with the county clerk for that county.
(1) A defendant sentenced to pay any fine, penalty, assessment, fee, or costs who willfully defaults in the payment thereof or of any installment is in contempt of court as provided in chapter 7.21 RCW. The court may issue a warrant of arrest for his or her appearance.
FindLaw Newsletters Stay up-to-date with how the law affects your life Injury to PersonThree years (R.C.W. § 4.16.080)ContractsWritten: Six years (R.C.W. § 4.16.040(1)) Oral: Three years (R.C.W. § 4.16.080(3))Collection of Debt on AccountSix years (R.C.W. § 4.16.040(2))Judgments10 years (R.C.W. § 4.16.020(2))6 more rows
If no appeal is taken and the judgment is not paid within 30 days, or in the time set in a mediation agreement or payment plan, the prevailing party may seek to enforce the judgment through the collections process, which could include garnishing the defendant's wages or bank accounts; or seeking to obtain personal ...
In the state of Washington, a judgment lien will remain attached to a person's property for ten years. The ability of a creditor to collect under a judgment lien can be affected by several factors.
When a setoff shall be established in an action brought by executors or administrators, and a balance found due to the defendant, the judgment rendered thereon against the plaintiff shall have the same effect as if the action had been originally commenced by the defendant.
Once the fee has been paid and the case transferred to the civil docket, you may proceed with a method of collection such as garnishment of wages, bank accounts, and other monies of the defendant or an execution may be issued on cars, boats, or other personal property of the judgment debtor.
