Massachusetts Release of Lien

State:
Multi-State
Control #:
US-OG-542
Format:
Word; 
Rich Text
Instant download

Description

This form is a release of a lien. The form provides that the lienholder chooses to release a certain parcel of property and the owner from all liability arising from the labor performed and materials furnished by the lienholder. A Massachusetts Release of Lien, also known as a lien release or lien discharge, is a legal document that removes a previous lien on a property, typically filed by a creditor or contractor, to ensure payment for services rendered or debt owed. Once the lien is released, the property can be freely bought, sold, or refinanced without any encumbrances. There are two main types of Massachusetts Release of Lien: 1. Voluntary Release of Lien: This type of release is initiated by the lien holder (the party who placed the lien) once the debt or obligation has been satisfied. The lien holder acknowledges the receipt of the payment, removes the lien from the property, and provides the property owner with a release of lien document. 2. Involuntary Release of Lien: In certain circumstances, a property owner can request an involuntary release of lien when they believe that the lien was placed wrongfully or without sufficient legal grounds. They can challenge the lien in court, and if successful, the court will order the release of the lien, protecting the property owner's rights. Keywords: Massachusetts Release of Lien, Massachusetts lien release, lien discharge, voluntary release of lien, involuntary release of lien, property encumbrances, creditor lien, contractor lien, lien holder, debt satisfaction.

A Massachusetts Release of Lien, also known as a lien release or lien discharge, is a legal document that removes a previous lien on a property, typically filed by a creditor or contractor, to ensure payment for services rendered or debt owed. Once the lien is released, the property can be freely bought, sold, or refinanced without any encumbrances. There are two main types of Massachusetts Release of Lien: 1. Voluntary Release of Lien: This type of release is initiated by the lien holder (the party who placed the lien) once the debt or obligation has been satisfied. The lien holder acknowledges the receipt of the payment, removes the lien from the property, and provides the property owner with a release of lien document. 2. Involuntary Release of Lien: In certain circumstances, a property owner can request an involuntary release of lien when they believe that the lien was placed wrongfully or without sufficient legal grounds. They can challenge the lien in court, and if successful, the court will order the release of the lien, protecting the property owner's rights. Keywords: Massachusetts Release of Lien, Massachusetts lien release, lien discharge, voluntary release of lien, involuntary release of lien, property encumbrances, creditor lien, contractor lien, lien holder, debt satisfaction.

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Massachusetts Release of Lien