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 Kansas Release of Judgment Lien — Abstract of Judgment is a legal document that serves as proof of the release or satisfaction of a judgment lien on a property. A judgment lien is an encumbrance on a property resulting from a court judgment against the property owner. It allows the judgment creditor to claim the property or its sale proceeds as a means of satisfying the debt owed. In Kansas, there are different types of Releases of Judgment Lien and Abstracts of Judgment that may be issued depending on the circumstances. These variations serve specific purposes and assist in clarifying the status of the judgment lien. The most common types include: 1. Partial Release of Judgment Lien: This type of release is utilized when a portion of the judgment debt is satisfied, and a partial release of the lien on the property is required. It acknowledges the payment or settlement received by the judgment creditor and reduces the outstanding lien amount accordingly. 2. Full Release of Judgment Lien: When the entire judgment debt has been paid or satisfied, a full release of the lien is issued. This document confirms that the property is no longer encumbered by the judgment lien and releases any claim or rights the judgment creditor may have had on the property. 3. Satisfaction of Judgment: Although not technically a release of judgment lien, a satisfaction of judgment document is often prepared alongside the release to indicate that the judgment debt has been fully paid, thereby rendering the judgment lien satisfied. It serves as evidence that the judgment has been resolved and satisfies any further claims on the property. 4. Abstract of Judgment: An abstract of judgment is a summarized version of the original judgment issued by the court. It provides key information about the judgment, including the parties involved, the court's decision, and the amount owed. This document is typically recorded in the county where the property is located and serves as public notice of the judgment lien on the property. In Kansas, the process of obtaining a Release of Judgment Lien or Abstract of Judgment involves filing the appropriate documents with the county records' office where the judgment was originally recorded. These documents must be accurately completed, signed, notarized, and submitted with the necessary filing fees. It is crucial to ensure the correct documentation is prepared and submitted to release or satisfy the judgment lien properly. Understanding the different types of Kansas Release of Judgment Lien — Abstract of Judgment documents is essential when dealing with judgment liens on properties. Consulting with an experienced attorney or legal professional in Kansas will provide guidance and ensure compliance with the specific requirements related to releases and satisfactions of judgment liens.
