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 Nebraska Release of Judgment Lien, also known as an Abstract of Judgment, is a legal document filed to release or remove a previously recorded judgment lien from a property. This lien release is crucial for individuals or businesses looking to clear their property title and regain full ownership rights. The Nebraska Release of Judgment Lien ensures that the property is no longer encumbered by a judgment lien, providing the owner with the freedom to sell, transfer or refinance the property without any hindrances. There are various types of Nebraska Release of Judgment Lien — Abstract of Judgment, each specific to different circumstances and purposes. These may include: 1. Full Release of Judgment Lien: This type of release completely eliminates the judgment lien from the property's title, freeing it from any legal encumbrances. It is typically used when the judgment has been fully satisfied or paid off, allowing the property owner to regain clear ownership. 2. Partial Release of Judgment Lien: In some instances, a judgment lien may be partially released, allowing the property owner to sell or transfer a portion of the property while retaining the lien on the remaining portion. This type of release is commonly employed when the property is subdivided or divided between multiple owners. 3. Conditional Release of Judgment Lien: A conditional release of judgment lien is granted under specific conditions or terms specified by the court or the party seeking the release. It may involve partial payments or structured agreements, allowing the property owner to meet certain requirements before the lien is released. 4. Release of Judgment Lien by Satisfaction: This type of release is applicable when the judgment debtor has satisfied the judgment amount in full, often by paying the outstanding balance. Upon satisfaction, the release is filed to remove the judgment lien and clear the property of any claims. 5. Release of Judgment Lien by Agreement: Sometimes, parties involved in a judgment lien dispute may reach a settlement or agreement, leading to the release of the lien. This type of release is filed to reflect the terms agreed upon by both parties, effectively removing the judgment lien from the property. It is essential to consult with a legal professional or attorney experienced in Nebraska real estate and judgment lien laws to ensure compliance with the appropriate type of Release of Judgment Lien — Abstract of Judgment based on your unique situation.
