2/12/2023 0 Comments Abstract of judgment texasHowever, it’s critical that the satisfaction be accurate, legally sufficient, and correctly filed in the proper county. ![]() This will then have the effect of clearing the title. If the judgment lien is satisfied, the creditor will need to file a satisfaction of judgment with the court that issued the lien. Along with the bankruptcy filing, the debtor may file a motion to avoid the judgment lien and remove the cloud from the property title. The debtor may need to consider filing for bankruptcy to get rid of the debt behind the judgment lien. Although payment arrangements may be possible, creditors usually demand a lump sum payment if they’re willing to accept less money. An experienced debt settlement attorney may be able to negotiate the total down to a more acceptable amount for the debtor. Setting up a payment arrangement may be possible. Be sure to include judgment costs, interests, and fees to ensure you have the correct total. Contact the creditor who filed the lien and find out how much it costs to satisfy it. This is the simplest way to have the lien cleared. At The Fullman Firm, we have removed many judgment liens. For example, an attorney may attempt to obtain a court order removing the lien if it was obtained through fraud, bad faith, coercion, or some other illegal means. If the lien is invalid or was obtained in a manner that doesn’t follow the procedural requirements under the law, an attorney may be able to strip the lien from the property. It’s important to have a lawyer assist with the process so that all options are exhausted and the judgment is correctly and completely removed. Getting rid of the judgment lien can be complicated, but there are a number of possible strategies to do so. And that means you, the real estate agent, can’t close the deal. The property cannot be transferred until the lien is satisfied or otherwise removed. Generally, the judgment creditor must send an Abstract of Judgment to the recorder’s office in the county where the debtor owns the property. In California, there’s a process to attach the lien to the real property. When a final judgment is obtained, the creditor can then obtain a lien against the debtor’s real property. ![]() ![]() If a debtor owes a creditor and doesn’t pay, the creditor can file a lawsuit and demand the balance of the debt owed. A knowledgeable California debt settlement attorney can have the lien taken off, possibly without payment to the creditor or debt collector. The property owner will need to have the judgment lien removed so the title can be cleared and the property sold. A judgment lien is one such roadblock to completing the transaction. If you’re trying to refinance or sell your home (or if you’re a real estate professional trying to close a deal), having a cloud on the title is a nightmare.
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