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, also known as an Abstract of Judgment, is a legal document that serves to release or discharge a judgment lien from a debtor's property in the state of Florida. This release is essential to clear a judgment lien and ensure that the debtor's property is no longer encumbered. A judgment lien is typically created when a court issues a judgment against a debtor for unpaid debts, such as a loan or credit card. This lien allows the creditor to stake a claim on the debtor's property as collateral for the unpaid amount. However, once the judgment is paid in full or otherwise satisfied, the creditor must file a Release of Judgment Lien to officially release the lien from the debtor's property. The release document serves as proof that the lien has been lifted and eliminates any potential barriers when the debtor wants to sell or transfer ownership of the property. It should be noted that a Release of Judgment Lien is different from a Satisfaction of Judgment, which confirms that the judgment amount has been paid in full. In Florida, there are two primary types of Judgment Liens — General Judgment Liens and Judgment Liens on Real Property. 1. General Judgment Liens: A General Judgment Lien is placed on the debtor's personal property, including bank accounts, vehicles, and other valuable assets. To release this type of lien, a creditor must file a Release of Judgment Lien with the appropriate court where the original judgment was entered. 2. Judgment Liens on Real Property: This type of lien is specifically attached to the debtor's real estate property, such as a house, land, or condominium. To release a Judgment Lien on Real Property, the creditor must file a Release of Judgment Lien in the county where the property is located. This release ensures that the lien no longer affects the property's title and allows for smooth transactions involving the property. The process of obtaining a Release of Judgment Lien in Florida requires completing and filing specific forms, providing proof of payment or satisfaction of the judgment, and paying any associated fees. It is crucial to follow the correct procedures and adhere to the relevant laws to ensure a successful release of the judgment lien. In conclusion, a Florida Release of Judgment Lien, or Abstract of Judgment, is an essential legal document used to remove a judgment lien from a Debtor's property in the state of Florida. This release ensures that the debtor's property is no longer encumbered and allows for seamless transactions involving the property. Different types of judgment liens in Florida include General Judgment Liens and Judgment Liens on Real Property, and each has specific requirements for a successful release.
