A District of Columbia Release of Lien refers to a legal document that releases a previously filed lien on a property in the District of Columbia. This document is crucial for property owners, contractors, and other parties involved in real estate transactions as it provides evidence that a lien on a property has been satisfied or removed. There are two main types of District of Columbia Release of Lien: 1. Voluntary Release of Lien: This type of release of lien is typically initiated by the party who filed the lien, such as a contractor or supplier. Once the lien holder receives full payment for the services or materials provided, they voluntarily release the lien by filing the necessary documents with the relevant District of Columbia government agency. The voluntary release of lien serves to protect the property owner's rights and ensures that the property can be sold or refinanced without any encumbrances. 2. Court-Ordered Release of Lien: In some cases, a lien holder may refuse to release a lien even after receiving payment or resolving the underlying dispute. In such situations, a property owner may pursue legal action by filing a lawsuit and seeking a court-ordered release of lien. A court-ordered release of lien is a legally binding document issued by a judge that compels the lien holder to release the lien. This type of release of lien is usually the result of a successful lawsuit or settlement between the parties involved and ensures that the property owner's rights are protected. Relevant keywords for District of Columbia Release of Lien may include: — DistricColumbiabi— - Lien release - Property lien — Voluntary release of lie— - Court-ordered release of lien — Real estate transaction— - Property encumbrances — Lienholder - Property owner's right— - Contractor or supplier — Lawsuit - Settlemen— - Government agency
District of Columbia Release of Lien
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A mechanics lien is a "hold" against your property, filed by an unpaid contractor, subcontractor, laborer, or material supplier, and is recorded with the county recorder's office. If unpaid, it allows a foreclosure action, forcing the sale of the property in lieu of compensation.
Generally, a DC mechanic's lien has priority over all liens and mortgages that attach to the property after work was commenced. A DC mechanic's lien does have priority over construction loan advances made after the claimant filed its Notice of Mechanic's Lien.
Step 1. Fill out a Washington DC mechanics lien form Your information. ... Owner's information. ... General contractor's information. ... Amount claimed. ... Description of labor & materials (including first and last dates) ... Description of property. ... Copy of contractor license & certificate of good standing.
PREPARING THE WASHINGTON MECHANICS LIEN Every mechanics lien typically must contain the owner's name, a general description of the property and location, the name of the hiring party, the first and last date of work a description of the work performed, and the amount of money owed.
Mechanic's lien rights are restricted to the general contractor and its subcontractors. No sub-subcontractors have lien rights. Contractors and suppliers have no lien rights, unless they deal directly with the owner or the general contractor.
Notice. (a)(1) A contractor desiring to enforce the lien shall record in the land records a notice of intent that identifies the property subject to the lien and states the amount due or to become due to the contractor.
Lien Release: After a lien has been filed, the California claimant can release or cancel the lien by filing a Mechanics Lien Release form with the county recorder's office where the lien was originally recorded.
Filing a Lien To file a lien on a motor vehicle, you must provide our office with a copy of a chattel mortgage or security agreement, the properly signed and notarized title, sales tax, if applicable, and filing fees.
