Can a lien be placed on newly acquired property for a judgement placed in 1995?

Question

I had a judgement against me in 1995. It was renewed in 2005. Can a lien now be placed on real estate that I have acquired in 2005? The collection agency has renewed the judgement in 2005.

Answer 1

You can look at this in a different way. As you stated, the judgment was against YOU. The lien is against you as an individual, so the lien will affect any property you acquire. Your best bet is to pay off the lien.

Answer 2

Yes. That is the difference between a judgement and a collection.

Collections have a statute of limitations in every state, where they are no longer collectable.

Judgements can be renewed, every 10 years...FOREVER. That is why, if the judgement is large enough, it is well worth it to someone to get the order through the courts.

I am very suprised that you were able to obtain a loan (and I'm assuming you didn't pay cash for the home) for a home with a judgement on your credit. No bank will do it, for the very reason you are experiencing now.

The only thing I can think of is that it didn't appear on your credit because somehow it got missed in reporting.

Unfortunately, you are dealing with a company that plans on staying on top of it, so all you can do is to pay it, or leave it on the title of your home so it can be paid when you sell or refinance it.

Answer 3

Yes, they can place a lien on such property, as long as the judgment is still valid and docketed at the court. Now you understand why landlords tend to take tenants to small claims court even if chances of collecting judgments are small. Eventually, it comes around.

Answer 4

As long as the judgment is renewed it is good, and such can be used to place a lien on any assets you own including a property how ever long in the future, this is why the do it

Answer 5

Sure can! If you owe it, try to pay it!