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 — Abstract of Judgment is a legal document that releases or removes a previously filed judgment lien on a property. This release is essential when the judgment has been satisfied, meaning the debtor has paid the judgment in full, or if the judgment is no longer enforceable. Keywords: Georgia, Release of Judgment Lien, Abstract of Judgment, types, satisfied judgment, enforceable judgment. Various types of Georgia Release of Judgment Lien — Abstract of Judgment include: 1. Full Satisfaction Release: This type of release is used when the judgment debtor has completely satisfied the judgment amount along with any interest or costs associated with it. Once the judgment is fulfilled, the full satisfaction release is filed to release the lien on the property. 2. Partial Satisfaction Release: In some cases, the judgment debtor may only partially satisfy the judgment. A partial satisfaction release is used to acknowledge the partial payment made towards the judgment, thereby reducing the lien amount on the property. 3. Time-Barred Lien Release: A time-barred lien refers to a judgment lien that is no longer enforceable due to the statute of limitations expiring. If a creditor fails to renew a judgment within the specified timeframe, it becomes time-barred. A time-barred lien release is necessary to remove the lien from the property record as it is no longer considered valid. 4. Bankruptcy Discharge Release: If the judgment debtor files for bankruptcy and the judgment is discharged, a bankruptcy discharge release is utilized. This release indicates that the judgment debt has been eliminated through the bankruptcy process, thus releasing the judgment lien on the property. 5. Erroneous Lien Release: Sometimes, a judgment lien may have been mistakenly filed against a property or incorrectly recorded. In such cases, an erroneous lien release is filed to correct the error and remove the incorrect lien from the property title. It is important to note that each type of release has specific requirements and procedures that must be followed in accordance with Georgia laws. Seeking legal advice or consulting an attorney is highly recommended ensuring the proper filing and execution of a Georgia Release of Judgment Lien — Abstract of Judgment.
