Release Judgment Lien Without Contract

State:
Multi-State
Control #:
US-OG-541
Format:
Word; 
Rich Text
Instant download

Description

The Release Judgment Lien Without Contract form allows the legal owner of a judgment lien to formally release it, thereby discharging the lien from the property of the judgment debtor. This form includes essential details such as the original principal amount, the parties involved, and relevant case information to clearly outline the legal context of the lien. It is structured to ensure all necessary information is filled out accurately, including the jurisdiction and effective date of the release. Typically, this document is utilized in cases where the lien holder has received payment or settlement, making it important for attorneys, paralegals, and legal assistants to handle the release properly. Users are advised to fill in the blanks with precise details before signing and should consider notarization to validate the document’s effectiveness. Key audiences include attorneys managing lien discharges, partners and owners overseeing property transactions, and legal teams ensuring compliance with local laws. The form simplifies the process of releasing liens, contributing to the efficient management of property rights and debts.
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FAQ

The property owner will need to have the judgment lien removed so the title can be cleared and the property sold. A knowledgeable California debt settlement attorney can have the lien taken off, possibly without payment to the creditor or debt collector.

For the most part, all contractors, subcontractors, laborers, design professionals, materials suppliers, and equipment suppliers who provide labor or materials to a property in Texas are not required to have a written contract (a verbal contract is sufficient) to qualify for the right to file a lien.

The easy definition is that a judgment is an official decision rendered by the court with regard to a civil matter. A judgment lien, sometimes referred to as an ?abstract of judgment,? is an involuntary lien that is filed to give constructive notice and is to attach to the Judgment Debtor's property and/or assets.

A release of an abstract of judgment can occur where the debtor files an Affidavit of Release of a Judgment Lien (sworn statement) showing that the real property in question is the debtor's homestead and meets certain legally-established criteria set forth in Texas Property Code §41.002, which can be up to 10 acres for ...

Protect Yourself With a Release of Lien (Lien Waiver) Fortunately, it's a simple process. A Lien Waiver is similar to a receipt. It basically states that you've paid the subcontractor what is owed, they accept the payment in full, and they waive the right to put a lien on your property.

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Release Judgment Lien Without Contract