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Release of Land from Lien in Marriage Dissolution Divorce Judgment and Decree UCBC Form 8 1 1 Minnesota

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Release of Land from Lien in Marriage Dissolution Divorce Judgment and Decree UCBC Form 8 1 1 Minnesota

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hi my name is eric olson executive director of helps non-profit law firm um this brief video is going to address the question um can i sell a home and have a judgment removed uh without that's a lien on the home without having to file bankruptcy uh let me give the example um since we deal with seniors primarily um that are on social security let's say you're a senior your age is 65 you've got a property that you owe maybe 30 000 on and it's worth 150 000 you have a property in another state where you want to move to and put a treader house on it um so the property where you live you've got a an equity in that property of what seventy 70 170 plus 50 would be 120 000 because you'll deal 30 and it's worth 150 um and the homestead exemption in the state in that state where you have your home is 150 000. therefore the amount of equity you have in that home 130 000 is less than what the homestead exemption is for that state um b

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