This is a form of a Partial Release of Judgment Lien.
The Arkansas Partial Release of Judgment Lien refers to a legal instrument used to release a portion of a judgment lien placed on a debtor's property. This partial release allows the debtor to regain ownership or sell the property while still maintaining a valid judgment lien on the remaining portion. In Arkansas, there are two main types of partial release of judgment liens: 1. Partial Release of Judgment Lien — Sale or Transfer: This type of partial release is used when the debtor intends to sell or transfer ownership of the property. By obtaining a partial release, the debtor can clear title on the released portion, enabling a smooth and legal transfer to the new owner. However, it's important to note that the original judgment lien will still remain in effect on the remaining portion of the property. 2. Partial Release of Judgment Lien — Satisfaction of Debt: When a debtor pays off a portion of the judgment amount, they can request a partial release of judgment lien to reflect the satisfaction of that specific portion. This release demonstrates that the debtor has fulfilled their obligation for that particular part of the judgment, while the lien will continue to exist on the unpaid portion. Obtaining a partial release of a judgment lien in Arkansas requires filing the appropriate paperwork with the county where the judgment lien was recorded. This process typically involves completing a Release of Judgment Lien form, providing details about the original judgment and the portion to be released, and paying any associated fees. Keywords: Arkansas, Partial Release, Judgment Lien, legal instrument, property, debtor, ownership, sell, transfer, title, lien, satisfaction of debt, paperwork, county, recorded.The Arkansas Partial Release of Judgment Lien refers to a legal instrument used to release a portion of a judgment lien placed on a debtor's property. This partial release allows the debtor to regain ownership or sell the property while still maintaining a valid judgment lien on the remaining portion. In Arkansas, there are two main types of partial release of judgment liens: 1. Partial Release of Judgment Lien — Sale or Transfer: This type of partial release is used when the debtor intends to sell or transfer ownership of the property. By obtaining a partial release, the debtor can clear title on the released portion, enabling a smooth and legal transfer to the new owner. However, it's important to note that the original judgment lien will still remain in effect on the remaining portion of the property. 2. Partial Release of Judgment Lien — Satisfaction of Debt: When a debtor pays off a portion of the judgment amount, they can request a partial release of judgment lien to reflect the satisfaction of that specific portion. This release demonstrates that the debtor has fulfilled their obligation for that particular part of the judgment, while the lien will continue to exist on the unpaid portion. Obtaining a partial release of a judgment lien in Arkansas requires filing the appropriate paperwork with the county where the judgment lien was recorded. This process typically involves completing a Release of Judgment Lien form, providing details about the original judgment and the portion to be released, and paying any associated fees. Keywords: Arkansas, Partial Release, Judgment Lien, legal instrument, property, debtor, ownership, sell, transfer, title, lien, satisfaction of debt, paperwork, county, recorded.
