What is the name of your state? Indiana
I recently won a small claims case against my neighbor for $2,500.00. According to Indiana Code, this constitutes a lien on his real property.....IC 34-55-9-2
I checked the Recorders Office and didnt find a lien recorded which concerned me, so checked with the Clerks office and they said that in Indiana when a Title Search is performed that it includes searching the Court Index where the judgement is recorded and would be picked up. I checked into this because my neighbor has made no effort to pay since the judgement(2 months ago), and I got word that CVS was looking to buy property to build a new store that includes their home. I researched this more and found this to be true, and there are a total of 4 homes that already got offers. The one next to my neighbor was offered 200k for a home valued at 80k, so my guess is theirs will fall along that line as well....theres is valued at 90k.
This is still in the making, but I want to insure I get my money if this goes through, and it concerns me that the Judgement isnt recorded at the Recorders Office. So my question is just wondering how all the legal aspects of this would work if for some reason the lien isnt discovered thru the normal process and the house is sold, and demolished. Are there ramifications to CVS or the Title Company should this be missed and the house destroyed?
Bob
I recently won a small claims case against my neighbor for $2,500.00. According to Indiana Code, this constitutes a lien on his real property.....IC 34-55-9-2
I checked the Recorders Office and didnt find a lien recorded which concerned me, so checked with the Clerks office and they said that in Indiana when a Title Search is performed that it includes searching the Court Index where the judgement is recorded and would be picked up. I checked into this because my neighbor has made no effort to pay since the judgement(2 months ago), and I got word that CVS was looking to buy property to build a new store that includes their home. I researched this more and found this to be true, and there are a total of 4 homes that already got offers. The one next to my neighbor was offered 200k for a home valued at 80k, so my guess is theirs will fall along that line as well....theres is valued at 90k.
This is still in the making, but I want to insure I get my money if this goes through, and it concerns me that the Judgement isnt recorded at the Recorders Office. So my question is just wondering how all the legal aspects of this would work if for some reason the lien isnt discovered thru the normal process and the house is sold, and demolished. Are there ramifications to CVS or the Title Company should this be missed and the house destroyed?
Bob