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 South Dakota Release of Judgment Lien is a legal document that is utilized to remove a previously filed judgment lien from a debtor's property. This release provides evidence that the judgment has been satisfied or resolved, allowing the debtor to have the lien removed from their property's title. One type of South Dakota Release of Judgment Lien is the Absolute Release. This type of release indicates that the judgment lien has been fully paid, settled, or otherwise resolved, and it extinguishes any rights of the creditor to claim against the debtor's property. Another type is the Conditional Release. This type of release specifies certain conditions that need to be met for the judgment lien to be released. For example, the debtor may need to make partial payments towards the judgment before the lien is released. Once the conditions are met, the judgment lien is removed. South Dakota law allows for the release of judgment liens upon the satisfaction of the judgment. The process typically involves drafting a release document that includes relevant information such as the names of the parties involved, the case or judgment number, and the date of the judgment. To initiate the release process, the debtor or their attorney must file the completed release document with the appropriate county recorder's office where the judgment lien was recorded. It is essential to provide accurate information to ensure the lien is properly released and removed from the property title. Keywords: South Dakota, Release of Judgment Lien, legal document, debtor, property, satisfied, resolved, lien removal, Absolute Release, Conditional Release, creditor, rights, paid, settled, extinguishes, claim, title, drafting, names of the parties, case number, judgment number, date of judgment, county recorder's office.
