An Oklahoma statement of judgment is the vehicle through which someone enforces their judgment. It is closely associated with a lien because that is what the statement of judgment creates.
What does a statement of judgment do?
The statement of judgment creates a lien on all real property owned by the judgment debtor within the county in which the statement of judgment is recorded.
What is an example of how a statement judgment works?
That typically means if I file a statement of judgment with the Oklahoma County Clerk for Joseph Smith, a lien is created from the date I record the Statement on whatever real property Mr. Smith owns in Oklahoma County. If Mr. Smith owns real property and Beckham County for example, then I have to record a statement of judgment in back in County.
What is the process for recording a statement of judgment?
Either the judgment creditor (the person you have the judgment) or sometimes an attorney for the judgment creditor files, unsurprisingly, a document known as a statement of judgment with the county clerk. The statement provides the critical details about the judgment including the county, the amount in the name of the judgment debtor (i.e. the person who owes on the judgment).
What does it cost to record a statement of judgment?
It’s $13 for the first page and $2 for each additional page, so usually approximately $15.
What happens after the statement is recorded?
Besides the lien being created, not much. That is unless somebody takes some kind of action to foreclose on the lien, the statement of judgment could sit there for a lengthy period of time. There is another way however where the statement of judgment could trigger some action: if the person who owes the money is selling
If the person who owes the money is selling property or trying to refinance property that they own, typically the lender is going to require the statement of judgment be paid off before closing. As you might expect, this type of leverage can go a long ways towards getting the judgment paid.
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