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Is there a statue of limitations for a lien placed on a piece of property in Georgia or does the lien remain in place until the property is sold?
Asked on June 30, 2009 under Real Estate Law, Georgia
M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
The lien will remain until either: the underling judgement for the lien is paid; or until the property is sold. If the sale does not cover the entire cost of the judgment, then has to any remaining balance the judgement stays in effect.
Note: A judgment is valid for seven years. It can be renewed every seven years.