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To obtain a lien on real property in the state of Virginia, the judgment creditor must "docket" the lien in the public records office of the city or county where that property is physically located. Once the lien is docketed, the creditor files a "creditor's bill in equity" in that jurisdiction, which will require the chancellor to appoint a ...
Mechanic’s lien: Contractors can place a lien on your home if you do not pay them for work they’ve done on your property. Judgment lien: In the event you lose a lawsuit, the plaintiff could ...
There are several problems: 1) to find the county where the loser owns real estate property; 2) the probability that there are secured loans, tax liens and/or other judgments that have priority over the judgment lien; 3) the possibility that the loser/debtor may go bankrupt and avoid paying the debt. [2] [3]
Judgment lien. This lien is placed on your property if you lose a lawsuit and can’t pay the settlement. Judgment liens can be placed on anything you own, including a home, vehicle or furniture.
attorney's liens, against funds and documents to secure payment of fees; mechanic's liens, which secure payment for work done on real property or land; judgment liens, imposed to secure payment of a judgment; and; maritime liens, imposed on ships by admiralty law. Liens are also "perfected" or "unperfected" (see Perfection (law)). Perfected ...
Judgment liens: These liens result from court judgments, often for unpaid debts. Like mechanics’ liens, timing or clerical issues can sometimes delay their visibility in title searches.
Failure to give notice results in the lien remaining attached to the real property after the sale. Therefore, it is imperative the lender search local federal tax liens, so that if parties to the foreclosure have a federal tax lien filed against them, the proper notice to the IRS is given.
Under U.S. law a judgment creditor could file a fi. fa. with the land records of the locality in which the debtor is believed to own real property. Even though the sheriff may not actually foreclose on the property, the recorded fi. fa. will act as an encumbrance on the title of the property, which can prevent the property from being sold or ...
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