Equity

20 years

• Exceptions: 
• 1. land--> 10 years
• 2. Decedent --> 2 years

Statutory device where a debtor may waive notice and hearing for failure to pay an obligation. 

• Process to contest it:
• D must petition court w/in 21 days of notice of judgment against him to set aside the judgment.

• "Before the suit"
• Effect--> is to establish the priority of any judgment lien ultimately rendered in the underlying case. 

The judgment will relate back to the time the lis pendens was filed.