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How do you remove a satisfied judgment from the title of your property?
Wiki User
∙ 16y ago
You record a release of the lien. The evidence of the lien and its release stay on record forever. Obtain a copy of the release from the court and then send it to each of the credit reporting companies. Eventually, they will place a paid note onto your record. Keep the copy with your permanent records. Clarification: Credit reporting companies do not release the lien in the land records. In addition to notifying them that the judgment is satisfied you must arrange to have the release recorded in the land records. The recording of the release will clear the title to your property.
Wiki User
∙ 16y ago
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If you have a judgment against you in Pennsylvania can you lose your house?
The forced sale of a primary residence is possible by a judgment creditor. However, this seldom happens as the procedure is lengthy and costly, generally the judgment creditor will place a lien on the property thereby encumbering it so that it cannot be refinanced, have the title transferred or sold until the lien is satisfied. Whether or not a valid lien is possible and/or a forced sale of the property is viable depends largely on how the property is titled.
How do you remove a satisfied judgment from title?
Generally, a lienholder gives the debtor a document called a Warrant of Satisfaction upon payment of the debt secured by the lien. Most state laws require that this be done promptly upon payment. The Warrant is then filed in the same office the judgment lien was recorded so the office can mark the lien satisfied.
Quit claim to a family member to avoid forclosure?
Quit claiming title to a family member will not avoid foreclosure because the mortgage lien on the property has not been satisfied and the lender has a claim on the property. It will not cause the foreclosure proceedings on the property to cease and the lender will seek a judgment from the civil court.
How do you correct a cloud in the property title?
Depends on what the lien is for. It has to be satisfied and released by them-usually with money.
How do you remove old state tax liens?
If you have prof they are satisfied provide to title co.
Can your mother Quitclaim her house to you if there is a judgment lien against the property?
No. The property cannot be transferred, sold nor refinanced until the judgment lien is paid/settled or the judgment holder consents to the act. In California, we see people do it all the time. They file a Quit Claim, and transfer title to the property to someone else. They do not realize, however, that the lien is still on the property. So, if your mother quit claims her house to you, when YOU go to sell it, you will have to pay your mother's judgment. Or, the judgment holder may come after the property with a Quiet Title action. When they prevail with that, then they will do an action to partition the property, and it will be sold.
Does removing a person from a deed remove liens?
No, the liens are against the property itself, not the person. Regardless, property that has a lien in place cannot be sold, transferred or disposed of in any manner and a clear title cannot be issued until the lien(s) has been satisfied.
How does a judgment lien affect a title search and can you get tiltle insurance if you have a judgment lien against you?
A judgment creates a cloud on the title. Any buyer, lender or title insurance company would require that the lien be paid before they will complete any transaction with you relating to your property.
How do you check if a car has a lean on It?
If lien holder is on the title. Only DMV can remove it upon proof it is satisfied. Whoever is listed on the title (pink slip) owns it.
What is proof can i use for a title company that a judgment has been paid?
A letter from the collection company or creditor who reported it or a lien release form if the judgment was placed in lien against property.
What is the process to remove a spouse from the title of a property in Philadelphia?
The spouse must sign a deed and convey their interest in the property.
What is a bond for title?
Property sales contract which is mutually binding on both parties, where the title remains with the seller until the purchase price is paid by the buyer. Contract to convey title once certain contract terms are satisfied.
