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 Kentucky Release of Judgment Lien — Abstract of Judgment is a legal document that serves to cancel or release a previously recorded judgment lien on real property. This document is crucial for individuals or businesses seeking to clear a property title from any encumbrances or liens that may have been placed due to a judgment. The Kentucky Release of Judgment Lien — Abstract of Judgment effectively removes the lien holder's claim or interest on the property, ensuring that the property can be freely transferred or sold without any legal complications. Once the release is recorded with the appropriate county office, it becomes a public record, ensuring transparency and clarity for future owners or interested parties. There are several types of Kentucky Release of Judgment Lien — Abstract of Judgment, each serving a specific purpose: 1. Voluntary Release: This type of release occurs when the judgment creditor willingly cancels the lien, usually after receiving payment of the debt owed. This release is typically initiated by the creditor or their legal representative and is often done through the completion of a release form. 2. Satisfaction of Judgment: In some cases, a satisfaction of judgment may serve as a release of judgment lien. This occurs when the judgment debtor satisfies the judgment through payment or other agreed-upon means, effectively eliminating the lien on the property. Once the judgment is satisfied, the creditor should provide the necessary documentation to the debtor, who can then record it with the county office. 3. Cancellation for Lack of Validity: If the judgment was erroneously recorded or found to be invalid through a legal process, the judgment debtor or their legal representative can obtain a cancellation of the judgment lien. This type of release aims to rectify any errors or wrongful liens and restore the property's title to its original state. 4. Partial Release: In some cases, the judgment debtor may request a partial release of the judgment lien. This occurs when a portion of the debt has been repaid or resolved, enabling the debtor to release a portion of the property from the lien. This type of release requires the creditor's agreement and typically involves specific legal procedures to ensure accuracy and compliance with state laws. It is important to note that specific requirements and procedures may vary depending on the county or jurisdiction in Kentucky. Anyone seeking a Kentucky Release of Judgment Lien — Abstract of Judgment should consult with a qualified attorney or legal professional to ensure proper documentation and adherence to local regulations.
