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.
A North Carolina Release of Judgment Lien is a legal document that serves to release a previously filed judgment lien on a property. In the state of North Carolina, when a judgment is obtained against a debtor, the creditor may file a judgment lien with the county clerk's office, which creates a legal claim on the debtor's property. The purpose of the North Carolina Release of Judgment Lien is to lift this claim from the property once the debtor has satisfied the judgment, paid off the debt, or reached a settlement agreement with the creditor. By obtaining a Release of Judgment Lien, the debtor can take necessary steps to clear their property title and regain their financial freedom. Keywords: North Carolina, Release of Judgment Lien, legal document, judgment lien, property, debtor, creditor, county clerk's office, legal claim, satisfied judgment, paid off debt, settlement agreement, clear title, financial freedom. In North Carolina, there are two main types of Release of Judgment Lien: 1. Partial Release of Judgment Lien: This type of release is filed when a debtor satisfies a portion of the judgment amount, and the creditor agrees to release a specific property from the lien. This allows the debtor to sell or refinance that particular property while the lien remains in effect on other assets. 2. Full Release of Judgment Lien: This type of release is filed when the debtor has fully satisfied the judgment amount, either through payment in full or by reaching a settlement agreement. Once filed, it releases the judgment lien from all properties owned by the debtor, giving them a clean slate in terms of property ownership. Keywords: Partial Release of Judgment Lien, Full Release of Judgment Lien, debtor satisfaction, sell property, refinance property, lien on other assets, payment in full, settlement agreement, clean slate, property ownership. In conclusion, a North Carolina Release of Judgment Lien is a crucial legal document that allows debtors to remove a previously filed judgment lien from their property. Whether it's a partial or full release, obtaining this document is vital for individuals in North Carolina who need to regain their property's clear title and financial freedom.A North Carolina Release of Judgment Lien is a legal document that serves to release a previously filed judgment lien on a property. In the state of North Carolina, when a judgment is obtained against a debtor, the creditor may file a judgment lien with the county clerk's office, which creates a legal claim on the debtor's property. The purpose of the North Carolina Release of Judgment Lien is to lift this claim from the property once the debtor has satisfied the judgment, paid off the debt, or reached a settlement agreement with the creditor. By obtaining a Release of Judgment Lien, the debtor can take necessary steps to clear their property title and regain their financial freedom. Keywords: North Carolina, Release of Judgment Lien, legal document, judgment lien, property, debtor, creditor, county clerk's office, legal claim, satisfied judgment, paid off debt, settlement agreement, clear title, financial freedom. In North Carolina, there are two main types of Release of Judgment Lien: 1. Partial Release of Judgment Lien: This type of release is filed when a debtor satisfies a portion of the judgment amount, and the creditor agrees to release a specific property from the lien. This allows the debtor to sell or refinance that particular property while the lien remains in effect on other assets. 2. Full Release of Judgment Lien: This type of release is filed when the debtor has fully satisfied the judgment amount, either through payment in full or by reaching a settlement agreement. Once filed, it releases the judgment lien from all properties owned by the debtor, giving them a clean slate in terms of property ownership. Keywords: Partial Release of Judgment Lien, Full Release of Judgment Lien, debtor satisfaction, sell property, refinance property, lien on other assets, payment in full, settlement agreement, clean slate, property ownership. In conclusion, a North Carolina Release of Judgment Lien is a crucial legal document that allows debtors to remove a previously filed judgment lien from their property. Whether it's a partial or full release, obtaining this document is vital for individuals in North Carolina who need to regain their property's clear title and financial freedom.
