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A lien release allows an entity or individual that owns property to waive any debt that was owed on their behalf and was attached to their property. A lien can affect the sale or lease of real estate as a title company will most likely request that the payment be secured before any transaction.
A release of lien on the lienholder’s letterhead must contain the same information as required in the “Vehicle Information” section of this form. All three options for releasing a lien require an original signature and must be dated; a copy will not be accepted.
A lien release form of real estate is a legal document that removes a lien from a property after settling payments. It must normally be filed with a government entity that maintains the lien records, such as the county registry of deeds.
A release of lien, or simply called a lien release, is a legal document that lifts a previously filed lien on a property, vehicle, or another asset. Liens are filed as a form of collateral when one party owes another party a debt.
If you’re a contractor, service provider, or supplier who has filed a lien, it’s important to create and file a Lien Release once you’ve been paid. Some states have lien release laws requiring you to release a lien once the claim has been satisfied.