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.
Description: A Maryland Release of Judgment Lien — Abstract of Judgment is a legal document that serves to formally release or remove a judgment lien placed on a property or asset in the state of Maryland. When a creditor obtains a judgment against a debtor, they may place a lien on the debtor's property to secure the debt owed to them. However, once the debt is satisfied or no longer enforceable, the creditor must release the lien through the use of a Release of Judgment Lien — Abstract of Judgment document. There are different types of Maryland Release of Judgment Lien — Abstract of JudgmentSomehe common types are: 1. Full Release of Judgment Lien: This type of release removes the lien completely from the property or asset. It indicates that the debt has been fully satisfied, paid off, or otherwise resolved, thereby clearing the title of any encumbrances. 2. Partial Release of Judgment Lien: In certain cases, a creditor may agree to release only a portion of the judgment lien. This could happen when the debtor has paid a partial amount of the total debt, and the creditor agrees to release a corresponding portion of the lien. 3. Conditional Release of Judgment Lien: This type of release specifies certain conditions that must be met before the judgment lien is fully released. For example, the debtor may agree to sell the property and use the proceeds to satisfy the debt, at which point the lien will be released. 4. Temporary Release of Judgment Lien: In certain circumstances, a judgment lien may be temporarily released for a specified period of time. This could be done to allow the debtor to refinance or sell the property, provided they meet certain conditions or make arrangements to repay the debt during the temporary release period. 5. Release of Judgment Lien — Abstract of Judgment for Errors: If there are any mistakes or errors in the original abstract of judgment or the judgment itself, a release document may be filed to rectify the inaccuracies and release any incorrect liens from the property. It is important to note that the process and requirements for obtaining a Maryland Release of Judgment Lien — Abstract of Judgment may vary depending on the specific circumstances and legal procedures involved. It is advisable to seek legal assistance or consult with a qualified professional for accurate guidance and assistance in releasing a judgment lien in Maryland.
