Register
Log In
Forget your Password?

Home
Directory
Bulletins
Forums
Blogs
Articles
Links
Classifieds
About Us
Contact Us
Advertise
FAQ
Privacy Policy


Discussion
<< get older messagesget newer messages >>
to post a message: login - or - register | search messages | show all replies



[+] CRS Dose anyone know them? - Wayne Schutt II/NY (7 replies)
6/25/2007 2:49:14 PM (2932 views)

Crystal Abstract - Susan Nielsen/MN
6/25/2007 11:13:30 AM (2387 views)

[+] Document Storage - Kevin Curtiss/AL (11 replies)
6/24/2007 10:14:36 PM (2752 views)

India Wants Images Taken Offline - David Bloys/TX
6/23/2007 11:02:49 AM (3519 views)

It's Official Now! - David Bloys/TX
6/23/2007 10:42:15 AM (2394 views)


Real Title Services


[+] Belated Mother's Day - Jay Duncan/MO (1 reply)
6/22/2007 11:59:23 PM (3793 views)

[+] Another India story.... - Candi Richter/NJ (11 replies)
6/22/2007 10:41:39 AM (3091 views)

[+] Fees for "Rush -Urgent" orders?? - george Hubka/MI (6 replies)
6/21/2007 9:14:35 PM (2982 views)

[+] RE; Title Marketing Rep - Thomas Doubler/OH (1 reply)
6/20/2007 11:27:03 AM (2988 views)

[+] Legal Descriptions - Scott Perry/PA (8 replies)
6/20/2007 9:06:30 AM (3040 views)

[+] ABSTRACTORS A GO GO, LLC - john franz/NJ (2 replies)
6/18/2007 1:10:55 PM (3155 views)

[+] Anybody had a client ask you to do this? - DB/NC (11 replies)
6/15/2007 4:12:15 PM (3122 views)

[+] Theft of All Ohio State Employees' SSN - Pete Kisan/OH (1 reply)
6/15/2007 11:25:01 AM (3107 views)

[+] Lets talk Tech - Wendi See/SC (14 replies)
6/14/2007 11:10:30 AM (3116 views)

[-] Filing judgments against non-paying clients - Danielle Nelson/WI (8 replies)
6/13/2007 12:40:01 PM (3150 views)
Re: Filing judgments against non-paying clients - george Hubka/MI
6/13/2007 1:00:49 PM (4441 views)
Re: Filing judgments against non-paying clients - Kevin Ahern/CT
6/13/2007 1:44:22 PM (4426 views)

There is a difference between a judgment and a judgment lien. In order to obtain a judgment you must first file a suit and win. Subsequent to winning your judgment you have a number of remedies available...one of which is securing your judgment by filing/recording a judgment lien. The lien creates a cloud on the title to the property encumbered thereby...real estate or personal property. It also creates a credit problem for the judgment debtor in the event that he/she/it is seeking an extension of credit from a lender or finance company.

I have not done much in the Bankruptcy Court in a few years, and the law has changed twice since then, but unless the rules have changed the following applies to judgment liens. Judicial liens (judgment liens and prejudgment attachments/garnishments among them) are dischargeable as preferential transfers in a bankruptcy, but in order to be dischargeable the judicial lien must be perfected (filed/recorded) within 90 days prior to the filing of the bankruptcy. If it is not discharged within said 90 days...it becomes a permanent lien, and is assigned a priority for payment by the Court. Statutory liens such as mechanic's liens are not subject to the 90 day rule of discharge.

Generally a judgment lien is a very effective way of getting paid. Most defendants do not go bankrupt. Eventually the judgment debtor is going to want to buy a car, refi his house or seek a loan. He is not going to get it until the lien is paid and released. It may take a while...in some cases a few years...but it works.

 

to post a reply: login - or - register


Re: Filing judgments against non-paying clients - Kevin Ahern/CT
6/13/2007 2:06:00 PM (4248 views)
Re: Filing judgments against non-paying clients - Danielle Nelson/WI
6/13/2007 5:30:50 PM (4326 views)
Re: Filing judgments against non-paying clients - Kevin Ahern/CT
6/14/2007 6:46:31 AM (4334 views)
Re: Filing judgments against non-paying clients - Kevin Ahern/CT
6/14/2007 6:57:36 AM (4416 views)
Re: Filing judgments against non-paying clients - ELENA MAUSER/DE
6/25/2007 11:21:32 AM (4249 views)
Re: Filing judgments against non-paying clients - Kevin Ahern/CT
6/25/2007 2:53:11 PM (4566 views)


<< get older messagesget newer messages >>

DISCLAIMER: These Message Forums are un-moderated and Source of Title does not endorse the content of any of the posts. Source of Title discourages libelous comments and you, as the sole creator of the content, take full responsibility for your remarks.
Directory

The Source of Title Business directory has 8961 listed companies.

Leave feedback on a company:
SOT ID #:  learn more...
DRN Title Search
Blogs

Read other users' blogs-- or start your own!

Most Recent Blog Posts:

Fannie Mae Drops Minimum Credit Scores
Security American's Blog
2025/11/10
0 comments

Understanding O&E Title Searches
Security American's Blog
2025/10/29
0 comments

AI Powered Title Plant
Michael Gigliotti's Blog
2025/10/23
0 comments

Articles

Source of Title articles help to keep you informed on the state of the title industry.

NAR Forecast: Home Sales Expected to Jump 14% in 2026
Mortgage rates are projected to decline modestly, averaging around 6% in 2026. Yun emphasized that while rates are influ...
American Land Title Association Welcomes End of Government Shutdown
“The American Land Title Association is pleased that Congress and the administration have reached an agreement to ...
Mortgage Applications Increase in Latest MBA Weekly Survey
“Purchase applications picked up almost 6 percent over the week to the strongest pace since September, despite mor...
Former President of Allentown Title Company Sentenced to 54 Months in Prison for Defrauding Title Insurance Underwriter, Clients, and U.S. Government
United States Attorney David Metcalf announced that Louis Belletieri, 44, of Allentown, Pennsylvania, was sentenced toda...
National Association of REALTORS® Appoints First-Ever Chief Data Officer to Advance Innovation and Member Value
"Data is one of NAR's most important strategic assets – and the way we structure and use it will shape where our a...

Search Articles:
browse...

Classifieds

Buy, sell, or trade! Browse the ads or post your own!

© 2020, Source of Title.