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.
District of Columbia Release of Judgment Lien is a legal process that allows individuals or businesses to have a judgment lien lifted or released from their property in the District of Columbia. A judgment lien is a court-ordered claim placed on a property as a result of a judgment awarded in a lawsuit. When a party wins a lawsuit and obtains a judgment against another party, they may seek to enforce the judgment by placing a judgment lien on the debtor's property. This lien serves as a security interest, ensuring that the judgment creditor has a right to the debtor's property until the judgment is satisfied. However, the debtor may seek a Release of Judgment Lien to remove this encumbrance on their property. In the District of Columbia, there are different types of Release of Judgment Lien that can be pursued based on specific circumstances. Some of these include: 1. Satisfaction of Judgment: This type of release is applicable when the judgment debtor has fulfilled their obligation under the judgment. Once the judgment is satisfied, the creditor can file a Satisfaction of Judgment with the court, which effectively releases the judgment lien from the debtor's property. 2. Payment Negotiation: In certain cases, the debtor may negotiate with the judgment creditor to settle the judgment for a reduced amount or on a payment schedule. Once the negotiated payment is made, the creditor can file a Release of Judgment Lien, acknowledging the satisfaction of the debt and removing the lien from the property. 3. Appeal or Reversal: If the judgment debtor successfully appeals or overturns the original judgment, they can file for a Release of Judgment Lien. This type of release is necessary to remove the lien since the judgment is no longer valid. To obtain a Release of Judgment Lien in the District of Columbia, the debtor must file an appropriate motion or petition with the court and provide evidence supporting their request. This may include proof of payment, proof of appeal or reversal, or any other documentation required by the court. Once the court reviews and approves the request, a Release of Judgment Lien will be issued, releasing the property from the encumbrance of the lien. It is important for individuals or businesses in the District of Columbia facing a judgment lien to understand the process and available options for obtaining a release. Seeking professional legal advice is highly recommended ensuring compliance with relevant laws and procedures associated with the District of Columbia Release of Judgment Lien.
