Partial Release Of Judgment With Lien

State:
Multi-State
Control #:
US-OG-543
Format:
Word; 
Rich Text
Instant download

Description

The Partial Release of Judgment with Lien form enables the legal holder of a judgment to partially release a lien encumbering a specified property while retaining other liens against the debtor's remaining assets. This form includes sections for identifying the parties involved, the original judgment amount, and details about the property being released from the lien. It explicitly states that this release does not affect liens on the debtor's other properties or claims. Attorneys, partners, owners, associates, paralegals, and legal assistants will find this form useful for managing real estate transactions where partial liens are necessary. The form must be completed with accurate property and party details, as well as signed by both the lienholder and a notary public. Users should ensure they understand the implications of a partial release and follow any state-specific requirements for acknowledgment and recording. This form helps facilitate real estate sales while safeguarding the lienholder's interests.
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FAQ

Except as provided in sections 33-729 and 33-730, from and after the time of recording as provided in section 33-961, a judgment shall become a lien for a period of ten years after the date it is given on all real property of the judgment debtor in the county in which the judgment is recorded, whether the property is ...

The property owner will need to have the judgment lien removed so the title can be cleared and the property sold. A knowledgeable California debt settlement attorney can have the lien taken off, possibly without payment to the creditor or debt collector.

A lien release is a document that is filed in the public land records as the official notice that the lien is removed. Once payment has been received, a contractor has a duty to remove any lien that was filed against the property.

A writ of execution may be issued before the thirtieth day after a final judgment is signed upon filing of an affidavit by the judgment creditor, or the judgment creditor's agent or attorney, that the judgment debtor is about to remove the judgment debtor's personal property subject to execution out of the county, or ...

To file a judgment lien, an abstract of judgment (commonly called an "AJ") must be recorded in the county where the real property is located or where property could be owned in the future. Rules for the issuance of an abstract of judgment can be found in Section 52.002 of the Texas Property Code.

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Partial Release Of Judgment With Lien