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Whenever a judgment debtor or anyone for him or any party liable on the judgment wishes to pay off and discharge a judgment, of record in any clerks office in this Commonwealth, when the judgment creditor cannot be located, he may do so by paying into the court having jurisdiction over such judgment an amount
What happens if a defendant does not pay a judgment in VA?
Every judgment for money rendered in this Commonwealth by any state or federal court or by confession of judgment, as provided by law, shall be a lien on all the real estate of or to which the defendant in the judgment is or becomes possessed or entitled, from the time such judgment is recorded on the judgment lien
What does satisfaction of judgment letter mean?
Tells the court and others that a judgment has been paid in full or in part. Can be recorded with a county to release a lien against the judgment debtors land or filed with the Secretary of State to release a lien against the debtors personal property.
What does it mean to satisfy a judgement?
Satisfaction of a judgment, which is governed by URCP 58B, means that the debtor has paid the entire amount of the judgment and all accumulated fees, costs and interest, or that the creditor has decided not to pursue further collection efforts.
How long are judgements good for in Virginia?
Duration: Once a judgment has been entered, creditors are granted a 10-year period to pursue collection efforts. This period can be renewed twice, extending the potential collection timeline to a maximum of 30 years.
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Va. Code 8.01-460 Court must order or decree support to be a lien on real estate and to be docketed. Note: Normally liens of record are from Virginia Child Support and Enforcement agency. When paid make sure they are released of record.
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