A New Jersey Release of Lien for Deed of Trust is a legal document used to remove a lien placed on real property once the underlying debt has been paid off. This release is typically provided by the lien holder, often a mortgage lender or a trustee, after a borrower fulfills their financial obligations related to a mortgage or a trust deed. In New Jersey, there are a few different types of releases of lien for a deed of trust. These may include: 1. Full Release of Lien: This type of release is issued when the entire amount owed on the mortgage or trust deed has been repaid, indicating that the lien has been fully satisfied. The lien holder acknowledges that the debt has been cleared and releases any claim they may have on the property. 2. Conditional Release of Lien: This release is typically used when only a portion of the debt has been paid, but the lien holder agrees to release the property from the encumbrance partially. It is essential to note that the lien holder still holds a claim on a portion of the property until the full repayment is made. 3. Partial Release of Lien: This type of release is issued when a portion of the property subject to the lien is released. It is commonly used in situations where a property is encumbered by multiple loans, and the lien holder releases a specific section of the property from their claim upon partial repayment of the debt. 4. Assignment of Lien Release: This refers to the transfer of a lien release to another party. In cases where the original lien holder sells or assigns their rights to another entity, they may provide an assignment of lien release to transfer their claim on the property to the new lien holder. When drafting a New Jersey Release of Lien for Deed of Trust, specific information should be included. This usually comprises the legal description of the property, the names of the parties involved, the original deed of trust or mortgage details, the outstanding balance and the date when it was paid, and any relevant recording information. It is crucial to ensure that this document complies with all applicable New Jersey laws and regulations to make it legally enforceable. Seeking professional legal advice is highly recommended drafting, review, or execute a Release of Lien for Deed of Trust in New Jersey correctly.