Release Of Judgement Form With Two Points

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

Description

The Release of Judgment form is a legal document used to discharge a lien placed on a property, acknowledging that the lienholder relinquishes their claim to a specific property while retaining rights to other claims against the debtor. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in managing judgments and liens. Key features of the form include the ability to specify the original judgment amount, the property description, and the details of the debtor. Users should complete the form clearly, including all relevant dates and signatures, while ensuring it is tailored to their jurisdiction. It's important to note that this form is meant for partial releases and does not affect any other liens associated with the debtor's remaining properties. Legal professionals may utilize this form to streamline the process of releasing specific properties from liens as part of debt settlements or negotiations, ensuring clarity in obligations and rights for all parties involved.
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How to fill out Partial Release Of Judgment Lien?

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FAQ

The opposing party shall include with the motion to compel satisfaction of the judgment an affidavit that evidences proof of payment and, if necessary, the due diligence that was performed in attempting to locate the prevailing party. If the motion is granted, the judgment is deemed satisfied.

Tells the court and others that a judgment has been paid in full or in part. Can be recorded with a county to release a lien against the judgment debtor's land or filed with the Secretary of State to release a lien against the debtor's personal property.

Satisfaction of a judgment means that the judgment is no longer a lien on the debtor's real property. The courts cannot control the actions of third parties, but usually, the fact of satisfaction is recorded by the major credit reporting agencies and included in the debtor's credit history.

If your judgment has already expired, you should consult an attorney before taking any action. California judgments last for 10 years from the date they were entered. If you win a judgment issued by a federal court, you may start collecting right away.

Write the name and last known address of the judgment debtor in the space provided. You may also include any known aliases used by the judgment debtor. Fill in the last 4 digits of the judgment debtor's driver license number and state where it was issued, if you know them.

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Release Of Judgement Form With Two Points