Statute of Limitations on Liens & Judgements

[rolandska2]

What is the name of your state (only U.S. law)? Oregon

7 years ago I was sued by a Finance company. After doing a Title search, I found my home had the judgment listed on the Title. If there is a lein on my home, will it expire in 10 years with the Judgment (If it is not renewed)? Are leins subject to the Oregon Statute of Limitations?

[racer72]

Unlike a judgment which has an SOL, a lien is a claim against real property. This claim is much like collatoral used to obtain a loan and will never go away.

[rolandska2]

Are these forums ran/monitored by finance companies?
That answer is incorrect. If you are not sure of an answer, don't post one. People could be making life changing decisions based on info they get here.

Some History of the question:
I financed an expensive machine for business via a personal loan (mistake #1) & it failed mechanically. Since parts of the machine were produced in Canada and I bought the machine in California, the warrenty was invalidated (discovered after $1000's in attorney's fees). Hence I was sued, and judgment and lien were placed on me & my wifes home.

In Oregon, According to ORS 18.360:
"(1) Whenever, after the entry of a judgment, a period of 10 years elapses, the judgment and any docketed or recorded lien thereof shall expire. However, before the expiration of 10 years the circuit * * * court for the county in which the judgment originally was entered, on motion, may renew the judgment and cause a notation in the register and the judgment docket indicating the renewal of the judgment to be made. The renewed judgment and any lien thereof expire 10 years after entry of the renewed judgment."

Does anyone know if you have to be served paperwork to go from a judgment to a lien? Or can both be simultaneously entered?

Thank you for any help.