What is a judgment lien?

A judgment lien is a legal term used in Nevada to refer to an encumbrance on a property, or a legal claim against the property, by a creditor who has been granted a court judgment. This encumbrance can later be used to satisfy any outstanding debt owed to the creditor. In Nevada, judgment liens can be placed on both real and personal property, such as real estate, cars, jewelry, and other assets owned by the debtor. A judgment lien can be enforced by the creditor either through a court order or by filing a lien document with the appropriate government office. When a lien is filed, it creates a legal claim against the property, so that if it is sold or transferred, the lien will still exist and the debt must be paid. It is important to note that even if the judgment is for a certain amount, the creditor is only able to receive up to the amount of the lien. Consumer debt defense law in Nevada provides certain protections for debtors, including limits on the amount that can be seized from certain types of property and protection from some other types of collection efforts. However, in order to prevent creditors from seizing valuable assets, debtors in Nevada should be aware of the existence of judgment liens against their property and take steps to ensure that they are enforced properly.

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