If an owner of an interest in real property has had a judgment obtained against him or her, this form addresses a release of that judgment lien.
Missouri Release of Judgment Lien by Creditor: A Comprehensive Guide In Missouri, a judgment lien can be filed by a creditor to secure the repayment of a debt owed by a debtor. However, there may come a time when the creditor no longer wishes to enforce the lien, it has been satisfied, or the debtor has fulfilled their obligations. To address such situations, the creditor can opt for a Missouri Release of Judgment Lien, granting the debtor relief from the encumbrance placed on their property. Types of Missouri Release of Judgment Lien by Creditor: 1. Full Release of Judgment Lien: This type of release completely eliminates the judgment lien, relinquishing any claim the creditor had on the debtor's property. With a full release, the debtor regains full ownership and control over the previously lined property. 2. Partial Release of Judgment Lien: In certain cases, a creditor may release specific assets or properties from the judgment lien while maintaining its hold on other assets. This partial release provides partial relief to the debtor, allowing them to sell, transfer, or refinance the released property, while still obligated to satisfy the remaining judgment lien on other assets. Steps to Obtain a Missouri Release of Judgment Lien by Creditor: 1. Prepare the Release Document: The creditor or their legal representative should draft a release document that clearly states the intent to release the judgment lien. This document must include the debtor's name, case number, property address, and a detailed description of the lien being released. Keywords to include are "Missouri Release of Judgment Lien," "Creditor," "Debtor," and "Property Description." 2. Notarization: The release document needs to be notarized by a Missouri notary public to validate its authenticity. The notary will verify the identity of the party releasing the lien and attest to the document's execution. Keywords to consider are "notarization," "Missouri notary public." 3. Filing the Release: The original release document, accompanied by any applicable filing fees, must be filed with the appropriate Missouri County Recorder of Deeds office. The keywords to emphasize here are "filing," "Missouri County Recorder of Deeds," and "fees." 4. Notification: Once the release document is filed, it is essential to notify the debtor that their lien has been released. Both parties must retain a copy of the release document for their records. Keywords to consider when discussing notification are "debtor notification" and "retaining copies." 5. Release Lien from Credit Reports: The creditor should inform the major credit reporting agencies to update the debtor's credit report, reflecting the released judgment lien status. Keywords to focus on are "credit reporting agencies," "credit report update," and "released lien status." By following the steps above, a creditor can successfully release a judgment lien in Missouri, either fully or partially, allowing the debtor to regain control over their property. Remember that seeking professional legal advice is crucial when navigating the intricacies of the release process.
