Texas Real Estate Release Of Lien Form For Property

State:
Texas
Control #:
TX-1048
Format:
Word; 
Rich Text
188 downloads

Description

The Texas real estate release of lien form for property is a legal document that allows the lienholder to release a property from a previously recorded Deed of Trust. This form is essential for clearing any encumbrances on the property, thus facilitating its sale or refinancing. The document requires the lienholder to provide details regarding the property, including its legal description, and indicates that the lienholder acknowledges the release of their interest in the property. It must be signed in the presence of a notary public for it to be valid. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it streamlines the process of removing liens, avoiding potential disputes over property ownership. To fill out the form, users should accurately complete the sections concerning the lienholder, grantor, and property details, ensuring clarity and correctness to avoid any legal complications. The completed form should be recorded with the relevant county office to establish the official release of lien.
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FAQ

Summary lien removal is governed by Texas Property Code Section 53.160 (?Summary Motion to Remove Invalid Lien or Unenforceable Lien?). This sets forth a process by which a lien can be removed in as fast as 21 days after the contractor (lien claimant) appears in the action.

It is called a ?summary? motion for lien removal because it allows for the lien to be removed as fast as twenty-one (21) days after the lien claimant answers or appears in the suit. Tex. Prop. Code § 53.160(c).

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.

In the mechanics lien process, a lien release is a document filed with the Property Records Office which requests to remove a lien previously filed in a property. The lien release states the claim filed has been paid and releases any rights to file a new lien for the amount paid.

Lenders in Texas customarily use a release of lien when the loan secured by a deed of trust has been paid in full or otherwise satisfied. The release of lien is recorded in the county where the real property collateral is located.

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Texas Real Estate Release Of Lien Form For Property