If an owner of an interest in real property has had a judgment obtained against him or her, this form addresses a release of that judgment lien.
Florida Release of Judgment Lien by Creditor is a legal document that allows a creditor to release a judgment lien placed on a debtor's property in the state of Florida. When a person owes a debt and fails to repay it, the creditor may seek a judgment against them through the court. Once the judgment is obtained, the creditor can place a lien on the debtor's property to secure the debt. However, if the debtor pays off the debt or enters into an agreement with the creditor to satisfy the judgment, the creditor can release the lien by filing a Florida Release of Judgment Lien. There are different types of Florida Release of Judgment Lien by Creditor, depending on the circumstances of the release: 1. Full Release: A full release of judgment lien by creditor is filed when the debtor has fully satisfied the judgment debt, including principal, interest, and any associated fees or costs. This release removes the lien from the debtor's property, allowing them to regain full ownership rights. 2. Partial Release: In some cases, the debtor may be unable to fully satisfy the judgment debt. Therefore, the creditor can file a partial release of judgment lien, releasing a portion of the property from the lien. This partial release enables the debtor to retain ownership of the released portion without any encumbrance. 3. Satisfaction of Judgment: Instead of releasing the lien, a creditor may choose to file a Satisfaction of Judgment. This document acknowledges that the debtor has fulfilled their obligation and the judgment has been satisfied. However, unlike a release, the lien may remain on the debtor's property until it expires or is removed by the court. 4. Release of Lien Withdrawal: In certain situations, a creditor may file a Release of Lien Withdrawal in Florida. This document revokes or cancels a previously filed release of judgment lien. It is typically utilized when there was an error in the initial release or if the debt is reinstated due to the debtor's default. To initiate the release process, the creditor must complete a Florida Release of Judgment Lien form. This form requires the creditor's name and address, debtor's name and address, judgment information, property description, and details of the lien, including the date it was filed. Additionally, the creditor must sign the document in the presence of a notary public before filing it with the appropriate county clerk's office where the judgment was recorded. In conclusion, a Florida Release of Judgment Lien by Creditor is a legal document used to release a lien placed on a debtor's property. It can be a full release, partial release, satisfaction of judgment, or release of lien withdrawal, depending on the circumstances. These releases allow debtors to regain ownership rights and provide a resolution to their outstanding debts.
