A satisfaction of lien is filed with the register of deeds after the last payment is made.
You would need to sue your former employer. If you win the court will issue a judgment lien and you can have it recorded in the land records. If your boss owns the properties he won't be able to refinance or sell them until he pays the lien.
If the mortgagee (lender) fails to record a satisfaction within the set time limits, the mortgagee may be responsible for damages set out by statute. A Satisfaction of Mortgage is a document signed by a mortgagee acknowledging that a mortgage has been fully paid by the mortgagor and that the mortgage is no longer a lien on the property. In order to clear the title to the real property owned by the mortgagor, the Satisfaction of Mortgage document must be recorded with the County Recorder or Recorder of Deeds.
I don't know if the laws are the same everywhere, but we had to get a judgment against someone and had a lien placed on his house. We were told that if we went back to court before the 7 years were up we could get another judgment against him and keep the lien in place. He's had a lien on his home for over 10 years now -- and until he pays his debt or the law changes we'll keep going back to court. Of course, he owes us a LOT of money. A judgment has to be renewed by the plaintiff at set intervals, determined by law. You can find the SOL relative to judgments for your state, and if the statute has expired, contact the court to see if the judgment has been renewed by the plaintiff. If not, they can't collect.
The judgment is just the final rendering of the judge or jury's decision in a civil case. It might include a finding that one party owes money to the other. It might include a declaration of rights and responsibilties. It could be many things depending on the facts and circumstances of the case.
If he pays off the lien yes. If not, then that vehicle is pretty much owned by the lien holder too! it doesnt make sense selling car
That would be a reason to place a lien. It makes sure that they get their investment back in the sale.
yes
This is one avenue you can take, but you have to ask yourself, "Will he sell any of the property under lien in the ten years given to satisfy the judgment?" Your better course of action is to have a collections attorney file for garnishee against his wages, his bank account, and perhaps his state tax refund. The fees required for this may be assessed to your probther as well, so should not cost you anything in the long run.
you guys do and that would be no use for you because you are going to sell it and they get a discount
*to get maximum satisfaction for the money he pays *to get legal cover *to protect from unhealthy goods
Please review your lien documents and notifications. Often, release of the lien is your responsibility. A Release of Lien is made available to the debtor by the association's attorney, and the debtor takes the Release to the local courthouse and pays for the lien to be released. Your association's board or association manager can help you determine who's responsible in your particular situation.
If you were evicted for non-payment of rent, your landlord COULD file a lien against you for the unpaid amount.