Description: Pennsylvania Release of Judgment Lien — By Creditor A Pennsylvania Release of Judgment Lien — By Creditor refers to a legal document that allows a creditor to remove a judgment lien placed on a debtor's property. This release eliminates the judgment lien, giving the debtor the freedom to sell, transfer, or refinance the property without the encumbrance of the lien. This release is typically initiated by the creditor, who acknowledges that the judgment debt has been fully satisfied, settled, or otherwise resolved. By providing this release, the creditor acknowledges that they have no further legal claim against the debtor's property. Within Pennsylvania, there are two primary types of Release of Judgment Lien — By Creditor: 1. Voluntary Release of Judgment Lien: In cases where a debtor has fulfilled their judgment debt, the creditor willingly releases the lien from the property, granting the debtor full ownership and control. 2. Compulsory Release of Judgment Lien: If a debtor has satisfied the judgment or secured a court order to release the judgment lien, yet the creditor refuses to cooperate, the debtor may seek a compulsory release. This process involves filing a motion with the court to enforce the release in order to liberate the property from the judgment lien. Keywords: Pennsylvania, Release of Judgment Lien, By Creditor, legal document, creditor, judgment debt, satisfied, settled, resolved, encumbrance, property, sell, transfer, refinance, voluntary release, compulsory release, debtor, court order, motion.
Pennsylvania Release of Judgment Lien - By Creditor
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How to fill out Pennsylvania Release Of Judgment Lien - By Creditor?
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