A Michigan Release of Judgment Lien — Full Release is a legal document that serves to remove a previously filed judgment lien against a debtor's property in the state of Michigan. This release relieves the debtor from any further obligations or encumbrances arising from the initial judgment. Keywords: Michigan release of judgment lien, full release, legal document, debtor, property, obligations, encumbrances There are different types of Michigan Release of Judgment Lien — Full Release, namely: 1. Voluntary Release: This type of release is initiated by the judgment creditor, who acknowledges the complete satisfaction of the judgment debt and willingly releases the lien on the debtor's property. 2. Court-Ordered Release: In certain cases, where the judgment creditor fails to execute the release voluntarily, the court may issue a court-ordered release of the judgment lien. This compels the creditor to release the lien, ensuring that the debtor's property rights are protected. 3. Satisfaction and Discharge Release: This release is commonly used when the judgment debt has been paid off in full, and the creditor acknowledges the satisfaction of the judgment. It not only releases the lien but also discharges any remaining obligations owed by the debtor. 4. Partial Release: In some instances, the debtor may negotiate with the judgment creditor to release a portion of the property from the judgment lien. This is referred to as a partial release, as it only removes the encumbrance on the specific portion of the property mentioned in the release. It is important to note that the exact requirements and procedures for a Michigan Release of Judgment Lien — Full Release may vary based on the specific circumstances and local regulations. It is advisable to consult with a legal professional or conduct thorough research to ensure compliance with relevant laws.
Michigan Release of Judgment Lien - Full Release
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How to fill out Michigan Release Of Judgment Lien - Full Release?
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