In a prior Blog entry, I offered a “Question & Answer” format with regard to the impact of a money judgment on a real estate transaction. At this time, I would like to continue the dialogue, with some additional entries. Thank you.
- How long is a money judgment enforceable against a judgment debtor?
A money judgment is enforceable against a judgment debtor for a period of twenty (20) years. This enforcement period pertains to the personal liability of the judgment debtor. This is separate and apart from the time line that is applicable to the lien of a money judgment on real property.
2. How long is a money judgment a lien on real property?
A docketed money judgment is a lien on real property for a period of ten (10) years from the date of perfection of the judgment, unless renewed or extended. As to the mention of docketing and perfection in my within response, please refer to my earlier blog entry that discussed the distinction between docketing and perfection.
Please look for further Blog entries on this topic. In the interim, your comments and/or questions are welcome.