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.
A judgment can get satisfied by a wage garnishment. A judgment can also be satisfied by a levy of property. An attorney can help you file the proper paperwork.
A judgment can get satisfied by a wage garnishment. A judgment can also be satisfied by a levy of property. An attorney can help you file the proper paperwork.
If you have prof they are satisfied provide to title co.
You should go to the court that issued the original judgment and inquire about a 'judgment satisfied' document that could be recorded in the land records.
A judgment stays on your credit report until it is satisfied or proven falls in a court of law. The only way to remove it is to pay it off.
In Alabama, a judgment can stay on your credit report for up to seven years from the date it was filed. This can negatively impact your credit score and ability to get credit or loans during that time. Make sure to resolve any judgments as soon as possible to improve your credit standing.
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.
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.
Until it is satisfied or vacated.
This statement means that the enforcement of the judgment will be postponed until the final payment is made. Once the payment is received in full, the judgment will be considered satisfied. While the judgment may still be filed on your credit report, it should reflect that it has been satisfied once the payment is received.
Return to the court that ordered the judgment and present evidence that you have satisfied the debt. ALSO, while you're there, if you have satisfied the requirements of the judgment, ask the judge to find the creditor in Contempt of Court for failing to release you.
A small claims court judgment stays on your record permanently unless it is satisfied, then it will probably still be there but show satisfied. Most people do not look at a judgment if it is over 7 years old.