This form is a release of a deed of trust lien. Grantor executed and delivered a deed of trust to the trustee for the lienholder. The lienholder has agreed to release the property from the lien of the deed of trust and discharge all right and title to the property.
A Release of Lien on Real Property form in California is a legal document that serves the purpose of removing a lien or encumbrance on a property. Liens on real property can be placed by a variety of creditors, such as contractors, mechanics, or judgment creditors, to secure the payment of debts or judgments. When the underlying debt is settled, the creditor must file a Release of Lien on Real Property form to clear the title and relinquish their claim. In California, there are several types of Release of Lien on Real Property forms that serve different purposes and apply to specific situations. Some of the most common types include: 1. Conditional Release: This form is used by contractors, subcontractors, and other construction-related parties to release a specific portion of the lien rights upon receiving partial payment for work completed. It ensures that payment is received for specific services rendered before the lien claimant can proceed with further action. 2. Unconditional Release (Partial): This form is submitted by the lien claimant when partial payment has been received, and it releases the lien rights to the extent of the amount paid. However, this release does not discharge the lien claimant's right to claim additional amounts owed. 3. Unconditional Release (Final): This type of release is filed when the full and final payment has been received, effectively discharging the lien claimant's right to the remaining unpaid balance. It removes the lien from the property completely. 4. Release by Surety: This form is used when a lien has been attached to a property due to the principal debtor's non-payment, and the surety pays off the debt to satisfy the lien. It allows the surety to release the lien and prevent further legal actions. 5. Release of Judgment Lien: A particular form used to release a judgment lien on a property. This form is filed when the judgment creditor has received full settlement of the debt, releasing the lien from the property. 6. Release of Li's Pendent: In case a lawsuit affecting the property's title has been filed, a Release of Li's Pendent form is used to remove the notice of pending litigation from the property's records. This enables the property to be sold or transferred without any hindrance. When completing a Release of Lien on Real Property form, it is crucial to provide accurate and detailed information such as property description, names of the parties involved, the amount due, and other related details. It is advisable to consult with an attorney or a legal professional to ensure the correct form is used and the necessary steps are followed according to California's specific regulations and requirements.
