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consummate lien (United States)—a judgment lien arising after the denial of a motion for a new trial. conventional lien (United States)—a lien created by agreement between the parties in circumstances where the law would not otherwise create a lien. deferred lien (United States)—a lien that only takes effect from a future date.
Judgment lien: In the event you lose a lawsuit, the plaintiff could file a judgment lien until you pay the money the court awarded to the plaintiff. Collectors of credit card debt, outstanding ...
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 ...
"Abstract of judgment" is a written summary of a judgment which states how much money the losing defendant owes to the person who won the lawsuit (judgment creditor), the rate of interest to be paid on the judgment amount, court costs, and any specific orders that the losing defendant (judgment debtor) must obey, which abstract is acknowledged ...
Interlocutory Judgment: An interlocutory judgment, insofar as it gives rise to an investigation or an interim measure, stays the proceedings and does not equate to a final judgment. [113] Summary judgment: a summary judgment may be granted at the request of one party in order to provide an order quickly as an alternative to a full trial. [114]
The judgment automatically becomes a lien on Trump's real estate in Manhattan because Manhattan is in the same county that the judgment came from. But James could also go after property elsewhere ...
A provision of the Act states that a person or organization indebted to the United States, against whom a judgment lien has been filed, is ineligible to receive a government grant, including disaster loans. [2] Noncompliance, depending on severity and frequency, may be punished by fine or even incarceration. FDCPA also allows the federal ...
Deficiency judgments can be used to place a lien on the borrower's other property that obligates the mortgagor to repay the difference. It gives lender a legal right to collect the remainder of debt out of mortgagor's other assets (if any).