What Is A Judgment Lien?
A judgment is the formal decision of a court. It is impossible here to determine what the meaning of a judgment is without seeing it, but it is reasonable to assume that the court has decided that you owe a creditor some money. When the judgment is recorded, it can become a lien on real property that you own. If you have real property (such as a house) that is exempt as your homestead ($100,000 is equity in your home is exempt under Arizona law), you would want to file a Complaint to Avoid a Judgment Lien. If you do not have any property to which the lien may attach, the filing of the complaint would not have any effect.
Related Questions
- What happens when the escrow company or title company discovers a judgment lien or abstract recorded against an obligor who is buying, selling or refinancing a piece of real property?
- When the escrow company discovers the support lien or abstract of judgment recorded by DCSS, whom do they contact and what information do they need to request a "demand"?
- How can the Escrow or Title Companies avoid delay at the close of escrow, when they discover their client has a Judgment Lien filed by DCSS?
