0
How do you negociate a judgment lien that is put against your property?
Wiki User
∙ 13y ago
You can try contacting the creditor to determine if it will accept a lesser amount if the debt is paid off immediately. You need written proof of their agreement to settle and you need to obtain a valid release of the lien. The creditor may need to send the judgment lien back to the court with a notation the debt has been satisfied in full and then the court will issue a release. You cannot negotiate a real estate property tax lien. That must be paid in full by law. You may be able to negotiate a state or federal income tax lien.
Those negotiations are best handled by a skilled attorney who can act as an intermediary so that you have proof of the agreement and obtain a valid release to clear the title to the real estate.
Wiki User
∙ 13y ago
Wiki User
∙ 11y agoYou can try but if the plaintiff refuses to negotiate you must pay the lien in full. You cannot sell or mortgage the property until the lien is paid off and released by the plaintiff.
You can try but if the plaintiff refuses to negotiate you must pay the lien in full. You cannot sell or mortgage the property until the lien is paid off and released by the plaintiff.
You can try but if the plaintiff refuses to negotiate you must pay the lien in full. You cannot sell or mortgage the property until the lien is paid off and released by the plaintiff.
You can try but if the plaintiff refuses to negotiate you must pay the lien in full. You cannot sell or mortgage the property until the lien is paid off and released by the plaintiff.
Wiki User
∙ 13y agoYou contact the creditor and offer them an immediate cash payment to release the lien. Sometimes they will take less than the actual amount. However, you need legal advice on how to obtain a valid release of the lien. That part can be very difficult and all releases are not valid. The release must be recorded in the land records.
Wiki User
∙ 11y agoYou can try but if the plaintiff refuses to negotiate you must pay the lien in full. You cannot sell or mortgage the property until the lien is paid off and released by the plaintiff.
Add your answer:
Earn +20 pts
Does a judgment act the same as a lien when you sell real property?
When a judgment is recorded in the land records it becomes a judgment lien against the debtor's real property. That property cannot be sold or mortgaged until the lien is paid.When a judgment is recorded in the land records it becomes a judgment lien against the debtor's real property. That property cannot be sold or mortgaged until the lien is paid.When a judgment is recorded in the land records it becomes a judgment lien against the debtor's real property. That property cannot be sold or mortgaged until the lien is paid.When a judgment is recorded in the land records it becomes a judgment lien against the debtor's real property. That property cannot be sold or mortgaged until the lien is paid.
Can a credit card company put a lien against your property in North Carolina?
Yes, if they file suit and receive a judgment the creditor can execute the judgment as a lien against the debtor's property.
Can a trust's property be taken if one of the trustees has a judgment against him?
A judgment against the trustee in his individual capacity will not affect the trust property. A judgment against the trustee as the trustee will become a lien on the trust property.
When a judgment is executed is it an 'automatic' lien on the debtor's property?
A judgment in most cases (except for small claims) can be executed as a lien against real property. It is not "automatic" the judgment creditor must file the judgment as a lien against property solely owned by the debtor or if the portion that is owned by the debtor when the property is jointly held. Judgment creditor liens cannot be placed against marital property held as Tenancy By The Entirety where only one spouse is the debtor.
Can a credit card company put lien on your property in California?
Yes, if the lender sues the debtor and receives a judgment award, the judgment can be executed against personal or real property owned by the judgment debtor.
How can you have lien against you when you don't own property?
A creditor who sues you for a debt can obtain a judgment lien against you that is good for a number of years. It can hold onto that lien until you do own property and then move against you to seize it to satisfy the debt.
Can a credit card issuer place a lien on your property in Pennsylvania?
Yes, if the creditor sues the debtor and is awarded a judgment the judgment can be used to place a lien against real property belonging to the debtor.
Can you lose your home if you have judgments against you?
Yes. Your creditor can request a judgment lien and take any property you own to satisfy the lien.Yes. Your creditor can request a judgment lien and take any property you own to satisfy the lien.Yes. Your creditor can request a judgment lien and take any property you own to satisfy the lien.Yes. Your creditor can request a judgment lien and take any property you own to satisfy the lien.
Can you put a storage lien on a food trailer if the owner of the trailer has not paid for the space he rented from you?
You need to sue for back rent and if you are successful you can request a judgment lien. The lien can be filed against the property.You need to sue for back rent and if you are successful you can request a judgment lien. The lien can be filed against the property.You need to sue for back rent and if you are successful you can request a judgment lien. The lien can be filed against the property.You need to sue for back rent and if you are successful you can request a judgment lien. The lien can be filed against the property.
If you had a judgment against you and you put it on your Chapter 7 can they keep a judgment on your credit after you are discharged from your Ch 7?
Yes. If the judgment resulted in a lien against property. Even though the judgment will be discharged in the BK. The lien will remain on the property and the item will remain on the CR. Due to the negative effect of a BK, the additional notice of a judgment, is rather insignificant.
What is the difference between a lien on property and lien on a person's name?
You have asked an interesting question. Briefly:There are numerous different types of liens in law. Some occur voluntarily when a property owner places their property as security for a loan. This type may be viewed as a lien against property.Some liens are involuntary such as when a plaintiff wins a judgment against another in a court of equity. The judgment is against the person and the successful plaintiff can request a judgment lien that can be used by the sheriff to attach and take possession of the defendant's property to satisfy the amount owed to the plaintiff. A judgment lien can be recorded in the land records to attach and take possession of real property.
What is an involuntary lien against my property?
An involuntary lien would be a judgment lien by a creditor, a lien for unpaid property taxes or income taxes, a demolition lien, a lien for unpaid common expenses or homeowners association dues or a mechanic's lien. Contrast that with a lien you granted in your property such as a mortgage which would be a voluntary lien.
