Judgments

Standard Exception Topic

JUD


Judgments

The names of persons recently in the chain of title and the names of purchasers should be checked for judgments and tax liens (and other relevant matters such as divorces and probates).
$_____________,
Perfected:  ___/___/____,
Docketed: ___/___/____,
Debtor:  _________________
Creditor:  _________________,
Attorney for Judgment Creditor ___________________.]

Judgment in:  ________ Court, ________ County;
Amount:  $_____________,
Perfected:  ___/___/____,
Docketed: ___/___/____,
Debtor:  _________________
Creditor:  _________________,
Attorney for Judgment Creditor ___________________.]

Note: You may add additional local requirements here. Please consult with our underwriting personnel in preparing appropriate provisions.

Exceptions

Standard Exception Subtopic

JUDX01

ALTA

10/19/2011
V 2

Judgment Lien

A Judgment, a certified copy of which was recorded _____________.
Court:
Case No.:
Entry Date:
Debtor:
Creditor:
Amount: $__________ and any other amounts due thereunder.
Filing attorney’s information:
 Name:
 Address:
 Phone Number:
Comment: The effective time limit for judgments varies. However, U.S. judgments are effective at least 20 years and can be refiled.

See Underwriting Manual


Standard Exception Subtopic

JUDX02

ALTA

10/19/2011
V 2

Abstracts of Judgments

An Abstract of judgment recorded _______________.
Court:
Case No.:
Entry Date:
Debtor:
Creditor:
Amount: $_____________ and any other amounts due thereunder.
Filing attorney’s information:
 Name:
 Address:
 Phone Number:
Comment: In some jurisdictions, a judgment lien is created by recording a separate abstract of judgment. The effective time limit varies. However, U.S. judgments are effective at least 20 years and can be refiled.

See Underwriting Manual


Standard Exception Subtopic

JUDX03

ALTA

10/19/2011
V 2

Extended Judgment

The judgment lien recorded _____________ has been extended by order recorded ____________.
Comment: In some state jurisdictions, a judgment lien can be extended or revived. If that procedure is followed, the judgment lien retains its initial priority.

See Underwriting Manual


Standard Exception Subtopic

JUDX04

ALTA

10/19/2011
V 2

Revived Judgment

The judgment lien recorded _______________ has been revived by order recorded __________________.
Comment: In some state jurisdictions, a judgment lien can be extended or revived. If that procedure is followed, the judgment lien retains its initial priority.

See Underwriting Manual


Standard Exception Subtopic

JUDX05

ALTA

10/19/2011
V 2

Judgment Assigned

The interest of the creditor in the judgment recorded _____________ has been assigned to __________ by the assignment recorded _______________.
Comment: The assignment of a judgment typically is filed in the local real property records.

See Underwriting Manual


Standard Exception Subtopic

JUDX06

ALTA

10/19/2011
V 2

Judgment of Support

A Judgment for child, family, or spousal support, a certified copy of which, recorded ______________.
Court:
Case No.:
Entry Date:
Debtor:
Creditor:
Filing Attorney’s Information:
 Name:
 Address:
 Phone:
Comment: Use this exception if the judgment secures support payments. In some jurisdictions, support judgments are not subject to any statute of limitations.