Legal Question in Credit and Debt Law in California
abstract of judgement
does an absract of judgement have a 10 year life just like a judgementand do you need to renew an abstract of judgement every time u renew the judement
1 Answer from Attorneys
Re: abstract of judgement
Filing an application for renewal extends the judgment created by the abstract. However, you must record a certified copy of the application for renewal at the county recorders office in order to perfect the extension. Recording a new abstract may give you a lower priority to liens recorded after your original abstract.
You should also check to see if the debtor's property has changed hands since the time you recorded the original abstract. There are additional procedures you need to follow to extend the lien with respect to the new owner if a transfer has taken place.
If you need additional assistance, please feel free to contact my office.
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