A property lien may be utilized to collect a court judgment in Massachusetts. This is how it works.
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 Massachusetts?
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.
A judgment lien in Massachusetts may be connected to either real estate or personal property.
In Massachusetts, how can a creditor get a judgment lien?
The creditor files the judgment with the registrar of deeds in any Massachusetts county where the debtor now resides or may reside in the future. For personal property liens, the creditor must submit a copy of the judgment with the city or town clerk.
In Massachusetts, how long does a judgment lien last?
In Massachusetts, a judgment lien remains connected to the debtor’s property (even if the property changes ownership) for 20 years (for real estate liens) or 30 days (for liens on personal property).
Keep in mind that in Massachusetts, 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 Massachusetts bankruptcy and debt attorney to assist you in resolving any lien concerns.
Where can I get information about Massachusetts judgment liens?
If you want to go straight to the source and seek out Massachusetts 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 Mass. Gen. Laws ch. 223, Sections 42, 59, 63; ch. 260, Section 20.