Hide Alternative Choice from the Assignment Of Lien and eSign it in minutes

Aug 6th, 2022
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How to Hide Alternative Choice from the Assignment Of Lien

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hi my name is eric olson executive director of helps non-profit law firm um this brief video is going to address the question um can i sell a home and have a judgment removed uh without thats a lien on the home without having to file bankruptcy uh let me give the example um since we deal with seniors primarily um that are on social security lets say youre a senior your age is 65 youve got a property that you owe maybe 30 000 on and its worth 150 000 you have a property in another state where you want to move to and put a treader house on it um so the property where you live youve got a an equity in that property of what seventy 70 170 plus 50 would be 120 000 because youll deal 30 and its worth 150 um and the homestead exemption in the state in that state where you have your home is 150 000. therefore the amount of equity you have in that home 130 000 is less than what the homestead exemption is for that state um but someone sued you and they have a judgment against you lets s

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The homeowner needs to hire a lawyer to guarantee that the proper civil code applies in California. By hiring legal representation in this state, it is possible to remove the lien and free up the property for sale or other loans. With a lawyer, it is possible to Petition the court and file it through the state.
Mortgage liens usually take priority over any other lien except tax liens.
How Do You Remove a Lien? Pay the debt: If you have a valid judgment lien against your property, paying the creditor in full will remove the lien. Negotiate with creditors: With the help of an attorney, you may be able to work out a settlement with your creditor to remove a judgment lien.
A lien expires 10 years from the date of recording or filing, unless we extend it. If we extend the lien, we will send a new Notice of State Tax Lien and record or file it with the county recorder or California Secretary of State. We will not release expired liens.
Lien Release: After a lien has been filed, the California claimant can release or cancel the lien by filing a Mechanics Lien Release form with the county recorders office where the lien was originally recorded.
How long does a judgment lien last in New Jersey? A judgment lien in New Jersey will remain attached to the debtors property (even if the property changes hands) for 20 years.
If you want to remove a lien from your property, you need to do one of two things: 1) have the contractor record a release of the lien or 2) file an appeal to have the lien released.
The short answer: Yes, you can sell your home with a lien on it. If you have a mortgage, for example, youll (ideally) be able to use the funds from the sale to pay off the balance and satisfy that debt.

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