Difference between revisions of "Liens in Virginia"

From WFG Wiki
(Liens)
(Liens)
Line 3: Line 3:
  
  
==Liens==
+
==Overview==
* Raise a requirement for any liens or pending lawsuits found in the Chain of Title:
+
* Civil Money Judgments become general liens on real property upon entry in the court docket.
** Civil Money Judgments become general liens on real property upon entry in the court docket.
 
 
* All ''in personam'' liens attach to after-acquired property in Virginia.
 
* All ''in personam'' liens attach to after-acquired property in Virginia.
* Clear any liens raised based on the following:
 
 
{| class=wikitable
 
{| class=wikitable
 
| colspan="2" valign="top"| '''Statutes of Limitations'''
 
| colspan="2" valign="top"| '''Statutes of Limitations'''

Revision as of 20:43, 11 July 2018



Overview

  • Civil Money Judgments become general liens on real property upon entry in the court docket.
  • All in personam liens attach to after-acquired property in Virginia.
Statutes of Limitations
Child Support Liens Child Support Liens act as a lien for twenty (20) years. Although the obligation to pay never expires, the lien itself will.
Civil Money Judgments Civil Money Judgments become a general lien on real property upon entry of judgment in the docket. They act as a lien for twenty (20) years and may be revived indefinitely for additional periods of twenty (20) years.
Community Association Liens Please escalate any questions.
Construction/Mechanic's Liens Mechanic's Liens expire after six (6) months unless a lawsuit to enforce lien is filed.
Criminal Money Judgments Criminal Money Judgment filed as an abstract of judgment in the Circuit Court act as a lien for twenty (20) years. [1]
Federal Liens (non-FTL) Federal Liens act as a lien for twenty (20) years.
Federal Tax Liens FTLs act as a lien for ten (10) years and thirty (30) days and may be revived.
Financing Statements Please escalate any questions.
Lis Pendens Please escalate any questions.
Municipal Liens Please escalate any questions.
Purchase Money Security Instruments Recognized. Please escalate any questions.
Security Instruments Security Instruments that have not been foreclosed can be clear if the following time period has passed:
  • Ten (10) years from Date of Maturity unless extended by recorded Certificate of Extension.
  • Twenty (20) years from Date of Maturity if extended by a recorded Certificate of Extension.
  • Forty (40) years from Date of Execution if Date of Maturity is not stated.
State Tax Liens STLs act as a lien for twenty (20) years.
Other Please Escalate SOL questions for all other lien types.