Guam Partial Release of Judgment Lien refers to a legal process in Guam where a lien placed on a person's property due to a judgment is partially released. This allows the property owner to regain ownership rights over a portion of the property that was previously encumbered by the judgment lien. A judgment lien is typically imposed on a property when a court issues a judgment against a person for a debt owed. This lien acts as a legal claim on the property, ensuring that the debt is satisfied when the property is sold or transferred. However, in certain cases, the property owner may be eligible for a partial release of the judgment lien. There are different types of Guam Partial Release of Judgment Lien, including: 1. Proportional Release: This type of partial release removes a portion of the lien proportionate to the value of the property. For example, if the judgment lien is for $10,000 and the property is valued at $100,000, a proportional release might remove $5,000 from the lien, allowing the property owner to regain rights over that portion of the property. 2. Payment Release: In some cases, the property owner may arrange to make a partial payment towards the judgment debt, which results in a corresponding release of the judgment lien. This type of release enables the property owner to regain ownership rights over the portion of the property that holds the same value as the partial payment made. 3. Exemption Release: Guam law may provide certain exemptions that allow the property owner to claim specific assets as exempt from the judgment lien. If the property falls under one of these exempt categories, a partial release of the judgment lien may be granted, enabling the property owner to retain ownership rights over the exempted portion. It's important to note that the specific requirements, procedures, and eligibility criteria for a Guam Partial Release of Judgment Lien may vary depending on the individual case and applicable laws. Seeking legal advice from a knowledgeable attorney specializing in Guam jurisdiction is advisable to navigate through the process effectively. In summary, Guam Partial Release of Judgment Lien refers to the partial removal of a judgment lien on a property, allowing the property owner to regain ownership rights over a portion of the property. Various types of partial releases exist, including proportional releases based on property value, payment releases based on partial debt repayment, and exemption releases based on certain exemptions allowed by Guam law.