Selling a house with a judicial lien can be like trying to push a boulder uphill. You can sell it, but the lien will need to be cleared up, usually out of the sale proceeds, before the deal is wrapped up.
A judicial lien generally lasts for a good while, usually up to ten years in Michigan. But it might be renewed if the creditor gets the extension, so you’ll want to keep tabs on it.
Yes, there are some exemptions. Certain types of property, like your primary homestead or necessary personal items, might be protected from judicial liens. It's wise to check the specifics with a local legal expert.
Absolutely! You can try to work out a deal with the creditor. Sometimes, they’re open to negotiating terms or even settling for less to lift the lien off your property.
If a judicial lien is lurking on your property, it can complicate things. It might affect your ability to sell or refinance your home, so it’s best to tackle it head-on by negotiating with the creditor or seeking legal advice.
A judicial lien in Detroit is like a shadow that follows you around. It’s a legal claim against your property because of a court judgment. If you owe someone and they win in court, they can place this lien on your asset until the debt is settled.