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.
A Kansas Release of Judgment Lien by Creditor is a legal document that signifies the satisfaction or removal of a judgment lien on a debtor's property. When a creditor obtains a judgment against a debtor, they may choose to place a lien on the debtor's property to secure repayment. However, when the debt is repaid or settled, the creditor must release the lien to clear the title of the debtor's property. There are two main types of Kansas Release of Judgment Lien by Creditor: 1. Partial Release of Judgment Lien: This type of release is used when a creditor agrees to release a portion of the property from the judgment lien. It commonly occurs when the debtor makes a partial payment towards the debt, and the creditor agrees to release the lien on a specific property or portion of the property. 2. Full Release of Judgment Lien: This release is utilized when a debtor satisfies the entire debt owed to the creditor, and the creditor releases the lien on all properties listed in the initial judgment. By executing a full release, the creditor acknowledges that the debt has been completely settled, and the lien is no longer necessary. The Kansas Release of Judgment Lien by Creditor typically includes essential information such as: 1. Creditor Details: The name, address, and contact information of the creditor — the party releasing the lien. 2. Debtor Details: The name, address, and contact information of the debtor — the individual against whom the judgment lien was initially placed. 3. Judgment Information: Description of the judgment, including the court case number, date of judgment, and amount owed by the debtor. 4. Property Details: A detailed description and identification of the property subject to the judgment lien, such as street address, legal description, and any applicable property identification numbers. 5. Release Statement: A clear and concise statement explicitly releasing the judgment lien on the identified property, whether partially or in full. 6. Creditor's Signature: A space for the creditor to sign and date the release, affirming the accuracy of the information provided and their intent to release the lien. It is crucial to consult an attorney or legal professional when drafting or executing a Kansas Release of Judgment Lien by Creditor, as precise language and adherence to legal requirements are vital to ensure its validity.
