An Arkansas Partial Release of Mortgage, also known as a Deed of Trust for Landowner, is a legal document that releases a portion of a property from the mortgage or deed of trust lien that encumbers it. This partial release allows the landowner to transfer ownership or secure additional financing on the released portion without affecting the lien on the remaining property. In Arkansas, there are several types of Partial Release of Mortgage/Deed of Trust for Landowner, including: 1. Standard Partial Release: This type of release is commonly used when a landowner wants to sell or refinance a portion of their property. It allows the landowner to release the lien on a specified portion of the property, typically defined by metes and bounds or a legal description. 2. Partial Release for Subdivision: If a landowner wishes to subdivide their property and sell individual parcels, a Partial Release for Subdivision can be used. This type of release allows the landowner to remove the lien from specific lots or parcels within the subdivision while retaining the lien on the remaining lots. 3. Partial Release for Improvement: When a landowner wants to construct improvements on a portion of their property, such as a house or commercial building, a Partial Release for Improvement can be utilized. This type of release permits the landowner to release the lien on the area where the improvements will be made, while keeping the lien intact on the rest of the property. 4. Partial Release for Easement: If a landowner needs to grant an easement over a portion of their property, they can use a Partial Release for Easement. This allows them to release the lien on the specific area needed for the easement while maintaining the lien on the remaining property. It is important to note that the specific terms and requirements of an Arkansas Partial Release of Mortgage/Deed of Trust for Landowner may vary depending on the lender and the circumstances of the partial release. Landowners should consult with a qualified attorney or real estate professional to ensure that the document accurately reflects their intentions and complies with applicable state laws.
Arkansas Partial Release of Mortgage / Deed of Trust For Landowner
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