Property Lien Release Form Texas With Lien Release

State:
Texas
Control #:
TX-1048
Format:
Word; 
Rich Text
Instant download

Description

The Property Lien Release Form Texas with Lien Release is a legal document used to formally release a lien on property when a lienholder agrees to discharge their interest in the property. This form includes the necessary details from the original Deed of Trust and is executed by the lienholder to confirm the release of their rights. Key features of the form include spaces for the identification of the property, lienholder, and trustee, as well as sections for acknowledgment by a notary public. Filling out the form involves providing pertinent property information and signatures, ensuring that all parties understand the release of liability and ownership interests. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate transactions, as it simplifies property transfers by confirming that obligations under a trust have been fulfilled. It's essential for users to accurately complete the form to avoid future disputes over property claims. Additionally, knowing how to efficiently file and edit this document ensures smooth processing in real estate dealings.
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FAQ

VTR-266 Rev 10/16. Form available online at .TxDMV.gov.

Release Of Lien Texas Form To show that a lien has officially been removed on a property, you have to file a document called a ?lien release? in the real property records of the county where the property is located. A release of lien simply means removing the lien claim from a specific property.

Ing to this law, a debtor must file an affidavit with the county to secure the release of a judgment lien against a primary residence. The debtor must first provide a 30-day notice letter to the creator of the judgment, containing a copy of the affidavit the debtor intends to file.

By filing a judgment lien, if the debtor sells any non-exempt property, you may be able to get all or some of the money you are owed from the proceeds of the sale. A judgment lien lasts for ten years.

You will need to: Schedule a title transfer appointment with the tax office. Complete the Application for Texas Title (130-U) Provide your original release of lien letter or document and a valid photo ID. Pay the $33 application fee for a new title.

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Property Lien Release Form Texas With Lien Release