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.
The District of Columbia Release of Judgment Lien — Abstract of Judgment is a legal procedure that involves the removal of a judgment lien from a property in the District of Columbia. A judgment lien is a legal claim against a property that occurs when a court awards a monetary judgment to a creditor in a lawsuit. This lien essentially makes the property a security for the debt owed by the judgment debtor. To release a judgment lien in the District of Columbia, the creditor must file a Release of Judgment Lien — Abstract of Judgment with the appropriate governmental office, typically the Recorder of Deeds. This document serves as proof that the judgment has been satisfied or otherwise resolved, and it allows the judgment debtor to regain full control and ownership of their property. The Release of Judgment Lien — Abstract of Judgment must include relevant information such as the names and addresses of the judgment creditor and judgment debtor, the court case number, the date the judgment was awarded, and a description of the property affected by the lien. It is crucial to accurately complete this form to ensure the effective removal of the judgment lien. There are different types of Release of Judgment Lien — Abstract of Judgment in the District of Columbia, depending on the specific circumstances of the judgment lien. For instance: 1. Satisfied Judgment Lien Release: This type of release is used when the judgment has been fully paid or otherwise satisfied, and the creditor acknowledges that the lien no longer has any claim on the property. 2. Partial Release of Judgment Lien: In some cases, a judgment lien may only apply to a portion of the property. A partial release is filed to remove the lien from the property that is not affected by the judgment. 3. Release Upon Settlement: When the judgment is resolved through a mutually agreed-upon settlement between the parties involved, a release is filed to signify that the judgment debt has been settled and the lien can be removed. 4. Release due to Expiration: In certain situations, a judgment lien may have a limited duration, typically varying by state law. Upon the expiration of the judgment lien, the creditor can file a release to officially eliminate the lien and its claim on the property. It is important to consult with a legal professional or thoroughly research the specific requirements and procedures for filing a Release of Judgment Lien — Abstract of Judgment in the District of Columbia, as the process may vary and requires compliance with state laws and regulations.The District of Columbia Release of Judgment Lien — Abstract of Judgment is a legal procedure that involves the removal of a judgment lien from a property in the District of Columbia. A judgment lien is a legal claim against a property that occurs when a court awards a monetary judgment to a creditor in a lawsuit. This lien essentially makes the property a security for the debt owed by the judgment debtor. To release a judgment lien in the District of Columbia, the creditor must file a Release of Judgment Lien — Abstract of Judgment with the appropriate governmental office, typically the Recorder of Deeds. This document serves as proof that the judgment has been satisfied or otherwise resolved, and it allows the judgment debtor to regain full control and ownership of their property. The Release of Judgment Lien — Abstract of Judgment must include relevant information such as the names and addresses of the judgment creditor and judgment debtor, the court case number, the date the judgment was awarded, and a description of the property affected by the lien. It is crucial to accurately complete this form to ensure the effective removal of the judgment lien. There are different types of Release of Judgment Lien — Abstract of Judgment in the District of Columbia, depending on the specific circumstances of the judgment lien. For instance: 1. Satisfied Judgment Lien Release: This type of release is used when the judgment has been fully paid or otherwise satisfied, and the creditor acknowledges that the lien no longer has any claim on the property. 2. Partial Release of Judgment Lien: In some cases, a judgment lien may only apply to a portion of the property. A partial release is filed to remove the lien from the property that is not affected by the judgment. 3. Release Upon Settlement: When the judgment is resolved through a mutually agreed-upon settlement between the parties involved, a release is filed to signify that the judgment debt has been settled and the lien can be removed. 4. Release due to Expiration: In certain situations, a judgment lien may have a limited duration, typically varying by state law. Upon the expiration of the judgment lien, the creditor can file a release to officially eliminate the lien and its claim on the property. It is important to consult with a legal professional or thoroughly research the specific requirements and procedures for filing a Release of Judgment Lien — Abstract of Judgment in the District of Columbia, as the process may vary and requires compliance with state laws and regulations.
