When the economy crashed my husband and i were out of work and lost almost everything but didn't file bankruptcy. I had a judgement lien placed on our condo for 45k that was in 2010 well the condo isn't worth the 1st 2nd and the lien so we have been waiting it out and continue to make payments. Would I be notified if the lien was refilled? I haven't heard from the lender at all.
Yes, if the creditor seeks to extend the judgment you'll be notified. They probably won't take any action in that regard until shortly before the judgment expires so sometime in late 2019 or early 2020.
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It sounds like you had a judgment entered against you in 2010, which became a judgment lien on your condo.
Under Oregon law that judgment is in force for ten years. Oregon judgments are good for ten years, and then can be renewed by the judgment creditor for an additional ten years.
If I understand your post correctly, you are wondering if you will get notice if/when the judgment creditor renews the judgment for an additional ten years. The answer is not necessarily. To confirm whether the judgment was renewed I would wait until the full 10 years has passed, and then contact the court where the judgment was entered to determine if a renewal was filed.
I hope this was helpful. Best of luck.
Tim L. Eblen
It all depends. IF it was a default judgment entered against you, then no, there is no obligation to notify you when/if the creditor renews the Judgment for another 10 years. If you entered an appearance in the original case, then you should be notified of any judgment renewal, though I would certainly not like to rely upon that. Understand that a Judgment creditor can renew their Judgment anytime during the first 10 years and extend if for another 10 years from that date. So to get the maximum time, a creditor would renew it on the last day that the original Judgment was valid. Wait one day too long however and it is no longer renewable and has in fact expired. So some creditors renew after 9 1/2 years, etc. to be sure there are no "hiccups" in the process. All this said, many creditors do not bother to renew a Judgment - if they haven't managed to collect in 10 years, what makes them think they will in another 10? Or they lose track of the time (the court does not normally send them a reminder), etc. So all in all, you know it is valid at least through the first 10 years; simply check with the court after that to confirm whether it has been renewed. If it has not, the lien is gone.
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