On collect a court judgment, you may attach a property lien to a debtor’s real estate in Texas.
In a civil court matter, a judgment is issued by the court after a judge or jury renders a verdict – or after a court-approved settlement. A typical judgment includes an order for money to be paid from one person to another. However, the individual who owes the money (the debtor) does not always pay it back. A judgment lien is one method of ensuring that the person who obtained the judgment (the creditor) receives what is due to him or her. A judgment lien grants the creditor the right to receive a set amount of money from the profits of the debtor’s property sale.
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What types of property are susceptible to a judgment lien in Texas?
A judgment lien may be connected to the debtor’s real estate in every state, which includes a home, condo, land, or other kind of property interest. In addition, certain jurisdictions permit judgment liens on the debtor’s personal property, including as jewelry, art, antiques, and other valuables.
Only real estate in Texas may have a judgment lien attached to it (such as a house or land).
In Texas, how can a creditor get a judgment lien?
To attach the lien, the creditor files the judgment with the county clerk in any Texas county where the debtor now has or may have real estate (a house, land, etc.).
In Texas, how long does a judgment lien last?
In Texas, a judgment lien remains connected to the debtor’s property for 10 years (even if the property changes ownership).
Keep in mind that in Texas, a creditor’s ability to collect under a judgment lien is influenced by a number of factors, including a fixed amount of value that cannot be touched if the property is the debtor’s primary residence (known as a homestead exemption), other liens that may be in place, and any foreclosure or bankruptcy proceedings. If matters get problematic, you should consult with an expert Texas bankruptcy and debt attorney to assist you in resolving any lien concerns.
Where can I get information on Texas law regarding judgment liens?
If you want to go straight to the source and seek out Texas laws on judgment liens – maybe you’re a party to a judgment or merely looking for possible encumbrances on property – the applicable statute(s) can be found in Tex. Prop. Code Ann. Sections 52.001 -52.006.