Not exact matches
The filed
Judgment is a
LIEN against any / all real
property owned by the DEBTOR and located in Erie County, for a period of 10 years from date of entry of
judgment in the original court.
They often seek a
judgment to place a
lien against personal
property such as your home, or wages.
The
judgment can be used to garnish your wages or to place
liens against your
property in an effort to collect the debt.
The
judgment means the lender can then take additional steps
against you, including wage garnishment, freezing your bank accounts, and putting
liens on any
property you own.
When you pay off the
judgment amount, the creditor will release the
lien it holds
against your home — freeing up the
property for sale.
Are there any
judgment liens against the borrower's
property?
With a
judgment against you in hand, whether it is the original creditor or a collection agency, they can potentially garnish your wages, place
liens on your
property, or take other legal steps to obtain the money you own to them.
They can get a
judgment against you and garnish your wages, take your money in your bank account or put a
lien on your
property.
Borrower can not be delinquent on any tax or non-tax debts and there can be no
judgment liens against the borrower's
property for a debt owed to the Federal Government.
A subordination agreement will be required for any
judgment that is also a
lien against the borrower and / or the subject
property.
A deed which conveys not only all the grantor's interests in and title to the
property to the grantee, but also warrants that if the title is defective or has a «cloud» on it (such as mortgage claims, tax
liens, title claims,
judgments, or mechanic's
liens against it) the grantee may hold the grantor liable.
For example, if you've lost investment
property to foreclosure and a deficiency
judgment has been entered
against you, a subsequent
lien on your primary residence may remain even after the bankruptcy.
A
judgment lien is a court ordered claim
against real
property, usually after a creditor has sued and obtained a
judgment in the case.
The net effect: plaintiff could not impress a
lien against the
Property in efforts to enforce its guaranty
judgments against the Shareholders.
Judgments Other people or agencies that you owe money to can also put a
lien, called a
judgment,
against your
property — these can't be removed until the obligation is paid off.
The court awarded the broker a
judgment for her share of the commission, which, once recorded, would constitute a
lien against the
property.
Are there any
judgment liens against the borrower's
property?
Paramount Title can conduct a title search to uncover the truth behind the listing, including all
liens and
judgments against the
property, allowing you to make an informed decision.
The land trust also shields the
property against other
liens and
judgments that could be levied
against the owner during his / her time of financial duress.
Title Holding Trusts or Land Trusts protect real estate investors and
property owners, especially through the ability to negotiate, acquire, hold, manage and sell real or personal
property in a confidential and private manner, as well as
liens,
judgments and clouds
against legal title to the
property.
Examples of disclosures pursuant to § 1026.38 (k)(2)(viii) include the satisfaction of outstanding
liens imposed due to Federal, State, or local income taxes, real estate
property tax
liens,
judgments against the seller reduced to a
lien upon the
property, or any other obligations the seller wishes the closing agent to pay from their proceeds at the real estate closing.