Lien Release Letter For Property In Tarrant

State:
Multi-State
County:
Tarrant
Control #:
US-0019LTR
Format:
Word; 
Rich Text
Instant download

Description

The Lien Release Letter for Property in Tarrant is a crucial document used to notify the concerned parties about the payoff status of a loan secured by property. This form is important for ensuring that all outstanding debts linked to the property are resolved before transferring ownership or selling the property. It outlines the necessary information, including the loan payoff amount, interest accrued, and any applicable fees such as insurance costs. Users must adapt the template to include specific details, including names, addresses, and relevant dates, before sending it. The form helps to clarify the financial obligations and provides a structured approach to follow up on outstanding payments. Attorneys, partners, owners, associates, paralegals, and legal assistants can utilize this form in various scenarios, such as closing real estate transactions or ensuring compliance with financial conditions. By using this letter, professionals can efficiently communicate and expedite the process of lien release, ultimately facilitating property ownership transitions.

Form popularity

FAQ

For more information on obtaining copies of plats, please call 817-884-1069 during regular business hours which are Monday-Friday 8 a.m. to 5 p.m.

In most cases, the lien holder (the lender in this case) should send the release to be recorded within 30-90 days. If you aren't sure what the requirements are in your area, reach out to your real estate agent, title agent, or real estate attorney for guidance.

Regular: After your request is received Lien-Pro will process the discharge paperwork and submit it to land titles. Confirmation of removal via our online account is generally given within 5-10 business days. Lien-Pro will provide you with registration confirmation to prove the lien has been removed from the property.

In most cases, the lien holder (the lender in this case) should send the release to be recorded within 30-90 days. If you aren't sure what the requirements are in your area, reach out to your real estate agent, title agent, or real estate attorney for guidance.

Before the start of 2022, lien waiver forms had to be notarized to make it official. However, the latest updates to the Texas Lien Laws effective on January 1st, 2022 removed this requirement and lien waivers do not need to be notarized anymore.

These states include: Arizona. California. Connecticut. Michigan. Nevada.

Per these new adjustments, notarization is no longer a requirement for lien waivers, providing much needed administrative relief to the construction industry in Texas. These changes to the Texas Property Code took effect on January 1, 2022.

Wyoming, Texas, and Mississippi are the only states that require a person signing a lien waiver to have it notarized. The notarization requirement does not apply in Washington and Oregon, the two states we primarily serve at Northwest Lien.

To remove or clear a Lien on Texas property, the person or entity claiming the Lien needs to sign a document releasing the Lien. The document is usually called a Release of Lien, Lien Release, or a Deed of Reconveyance.

Trusted and secure by over 3 million people of the world’s leading companies

Lien Release Letter For Property In Tarrant