Judicial Liens and Lien Release in Massachusetts
Creditors will take steps to collect their debts. One common approach is to file a lawsuit against a borrower and obtain a judgment. Once a creditor has a judgment, they can place a lien on the borrower’s home, called a judicial execution. These executions earn the creditor 12% interest per year and are valid for 6 years. At the end of six years, the creditor can extend its lien with a “carry forward” letter to the registry of deeds.
When a lien is valid, it will have to be paid in full before the homeowner can sell or refinance their home.
Fortunately, liens can be eliminated in bankruptcy when they encumber exempt property. Attorney Weinkauf is able to quickly analyze your financial circumstances to determine whether the lien can be avoided in bankruptcy. For people who do not wish to file bankruptcy, Attorney Weinkauf is experienced in negotiating lien releases with creditors.
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Our experienced team specializes in a wide range of legal matters, including asset protection, Chapter 13 bankruptcy, debt relief, foreclosure prevention, loan modification, short sales, wage garnishment, credit card debt relief, debt collector harassment, eliminating second mortgages, levy garnishment, rebuilding credit, Chapter 7 bankruptcy, debt negotiation, lien release, repossession, tax matters, and family law, wills, and trusts. We understand the overwhelming challenges that financial difficulties can bring, and we are here to provide you with expert guidance and representation. Trust Attorney Logan Weinkauf to advocate for your rights and help you navigate through these complex legal processes with confidence.
In conclusion, Attorney Logan Weinkauf offers a comprehensive range of services aimed at providing effective solutions to your financial and legal challenges. Whether you are seeking asset protection, debt relief, foreclosure prevention, or assistance with tax matters, our experienced team is dedicated to guiding you through the complexities of bankruptcy law. We are committed to helping you regain control of your finances, protect your assets, and find the best possible resolutions for your unique situation. With Attorney Logan Weinkauf by your side, you can trust that your case will be handled with expertise, compassion, and a commitment to achieving your desired outcomes. Contact us today to schedule a consultation and take the first step towards a brighter financial future.