Limitations Of The Texas Judgment Lien

Accident Attorney Dallas - Limitations Of The Texas Judgment Lien

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The Texas judgment lien is a marvelous tool in the judgment variety process. Its power lies in its capability to attach your judgment debt to the debtor's real property. But, there are limitations to that power.

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It Only Attaches to Some Real Estate

A Texas judgment lien only attaches to real estate your debtor owns. It has no result on the debtor's personal property.

Now suppose your debtor does own a home in Texas. Your would, of course, assume that your lien attaches to that home. But, it doesn't. Texas exempts your debtor's personal abode from the power of a judgment lien. It's called a "homestead exemption."

Even though your lien doesn't attach to the debtor's homestead, it does originate a cloud on the debtor's title to his home. In other words, you can make it difficult for the debtor to sell his home because your lien creates a interrogate of ownership.

Because of this "cloud" you must publish the lien as to the homestead. You don't have to do it until the debtor asks you to do so. But, if the debtor asks, you have to publish it. If you don't, the debtor can sue you for damages.

It Attaches to Later Acquired Real Estate

Your judgment lien isn't diminutive to real estate the debtor owns on the date you originate the it. It also applies to any non-homestead real asset he acquires at any time after you get a judgment. So, if your judgment debtor buys a rent house after you originate get a judgment, your lien does attach to that rent house.

It Attaches to Inherited Property

When a man dies in Texas, his asset immediately becomes the asset of his heirs. But, the asset is first subject to payment of the debts of the deceased. This is true either the man dies with or without a will.

If you have a judgment against one of the heirs, it immediately attaches to the inherited property. An executor of the deceased person's estate can, however, sell the asset free of your lien. But, he can only do so to pay debts of the deceased.

The Texas Judgment Lien is a marvelous variety tool. But, it does have limitation. Being aware of both its power and its limitations will help you make the best use of this tool in your variety efforts.

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