If an owner of an interest in real property has had a judgment obtained against the owner, this form addresses a release of that judgment lien.
A Florida Release of Judgment Lien is a legal document that serves to remove or release a judgment lien on a property. A judgment lien is typically enforced when a creditor obtains a court judgment against a debtor who fails to repay a debt. The judgment becomes a lien on the debtor's property, meaning that if the property is sold, the creditor has the right to be paid from the proceeds. The Florida Release of Judgment Lien is an important document for debtors who have successfully satisfied their judgment debt and wish to free their property from the encumbrance of the judgment lien. By filing this release, the debtor effectively eliminates the lien and restores their property's marketability. There are different types of Florida Release of Judgment Lien depending on the specific circumstances: 1. Voluntary Release: This type of release is executed by the judgment creditor, who voluntarily acknowledges that the judgment has been satisfied and releases the judgment lien on the property. The debtor can request the creditor to sign and file this release with the appropriate authorities. 2. Satisfaction of Judgment: This type of release is filed by the debtor with the court once the judgment debt has been fully paid. It serves as a legal proof that the judgment has been satisfied, and thus, the lien should be removed from the property's title. 3. Extinguishment: In certain cases, the judgment lien may become invalid or unenforceable due to specific legal conditions, such as expiration of the statutory period or a successful appeal. In such situations, the judgment debtor can file an extinguishment release to remove the lien officially. 4. Partial Release: When a debtor pays off a portion of the judgment debt, they can request a partial release of the judgment lien. This allows them to free a specific portion of the property from the encumbrance while retaining the lien on the remaining portion. Filing a Florida Release of Judgment Lien requires specific details such as the name and addresses of both the judgment creditor and debtor, the case number, the property description, and the amount of the judgment satisfied. It is crucial to ensure accurate information and compliance with the statutory requirements to guarantee the successful removal of the judgment lien from the property title. In conclusion, the Florida Release of Judgment Lien is a critical document for debtors aiming to eliminate a judgment lien on their property. Understanding the different types of releases available and following the appropriate procedure will help debtors regain control over their property and restore its marketability.
