How long is a recorded judgment good for in Florida?

20 years
An unsatisfied judgment in the state of Florida will last for 20 years from the stamped date. If the judgment remains unsatisfied nearing the 20th year, it is advisable that you bring an “action on the judgment” in the same court in order to obtain a new judgment.

How long can the judgment creditor pursue payment in Florida?

A judgment lasts for up to 20 years. This means that the person who obtained the judgment can collect on it until it is fully paid, for up to 20 years after it is filed with the clerk and recorded. Interest accrues every year as set by the chief financial officer of the state of Florida.

Do judgments expire?

Usually, judgments are valid for several years before they expire or “lapse.” In some states, a judgment is effective between five to seven years. In other states, like New York, it can be twenty years or longer.

What happens to a Judgement after 10 years in Florida?

While a judgment is good for 20 years in Florida, a judgment lien is valid for only 10 years. Once the 10 years of the judgment lien expires, the judgment creditor loses priority against other creditors, but still has a valid judgment for the remainder of the 20 year lifetime of the judgment.

Who can put a lien on your house in Florida?

In Florida, according to Florida Statutes 55.10, anyone who properly files a lien can put a lien on your house. The person or entity filing the lien, whether via a judgment, order or decree, must file an affidavit.

Does a Judgement expire in Florida?

In Florida, a judgment lasts for 20 years. The time period runs from the day the judgment is signed by the judge and entered by the court. This 20-year timeline is established by section 55.081 of the Florida Statutes.

When does a judgment lien in Florida expire?

When the 10-year life of the original lien expires and the judgment creditor re-records the lien so as to continue it for another 10 years, Florida Statute §55.10 (2) provides, “The extension shall be effective from the date the certified copy of the judgment…is rerecorded.”

How does a civil judgment work in Florida?

Florida civil judgments give the judgment creditor the ability to create a judgment lien on the debtor’s real property. Judgment liens are governed by Section 55.10, Florida Statutes. The Statute states the a civil judgment becomes a lien on the debtor’s real property in any county where the creditor records a certified copy of the judgment.

What happens when a judgment lien is re-recorded?

Pursuant to Franklin, so long as the lien is re-recorded prior to the expiration of the initial 10 year life of the lien, then the lien shall continue to take priority over any subsequently recorded lien. This makes sense, as it rewards the diligent creditor, who monitors the status of his lien, and does not allow it to expire.

Can a judgment be placed on a homestead property in Florida?

Judgment liens do not attach to homestead property. The Florida Constitution provides homeowners broad protection from civil money judgments. A recorded certified judgment does not create an automatic lien on the real property that the judgment debtor owns and occupies as his primary Florida residence.

How long is a recorded judgment good for in Florida? 20 years An unsatisfied judgment in the state of Florida will last for 20 years from the stamped date. If the judgment remains unsatisfied nearing the 20th year, it is advisable that you bring an “action on the judgment” in the same court in order…