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 Georgia Release of Judgment Lien is a legal document that effectively removes a judgment lien from a debtor's property. When a judgment is entered against a debtor, it becomes a lien on their real property located in Georgia. This lien gives the judgment creditor the right to seize and sell the property to satisfy the debt owed. The process of obtaining a Georgia Release of Judgment Lien involves satisfying the judgment debt or reaching a settlement agreement with the judgment creditor. Once the debt is paid, the judgment creditor must file a Release of Judgment Lien with the appropriate Georgia court. This release serves as proof that the lien has been lifted and the debtor's property is no longer encumbered. Keywords: Georgia, Release of Judgment Lien, judgment lien, debtor's property, legal document, judgment creditor, seize, sell, satisfy debt, settlement agreement, paid, file, appropriate court. Different types of Georgia Release of Judgment Lien include: 1. Conditional Release of Judgment Lien: In some cases, a judgment creditor may agree to release the lien temporarily upon receipt of a partial payment or the establishment of a payment plan. This type of release allows the debtor to retain possession of their property while making payments towards the debt. 2. Full Release of Judgment Lien: This is the most common type of release, occurring when the judgment debt is fully satisfied. Once the judgment creditor acknowledges that the debt has been paid in full, they file a Full Release of Judgment Lien, clearing the lien from the property title. 3. Partial Release of Judgment Lien: In situations where the debtor can only pay a portion of the judgment debt, a Partial Release of Judgment Lien might be obtained. This type of release removes the lien from specific property or assets while retaining it on others until the remaining debt is settled. 4. Release of Judgment Lien by Settlement Agreement: Occasionally, judgment creditors and debtors negotiate a settlement agreement to resolve the debt. If the settlement terms include the release of the judgment lien, both parties would need to sign a Release of Judgment Lien document and file it with the court. Keywords: Conditional Release of Judgment Lien, Full Release of Judgment Lien, Partial Release of Judgment Lien, Release of Judgment Lien by Settlement Agreement.
