Oklahoma Release of Judgment Lien — Abstract of Judgment refers to a legal process that allows a judgment creditor to release a previously filed judgment lien on a debtor's property. This document serves as evidence of the discharge of the lien and protects the debtor's property from any potential claims related to the judgment. In Oklahoma, there are two main types of Release of Judgment Lien — Abstract of Judgment: 1. Voluntary Release: This type of release occurs when the judgment creditor voluntarily decides to release the lien on the debtor's property. It often happens when the debtor satisfies the judgment, pays the outstanding balance, or reaches a settlement agreement. The voluntary release is filed with the appropriate county recorder's office to clear the title of the property. 2. Court-Ordered Release: In certain cases, the debtor may request the court's intervention to obtain a release of a judgment lien. This could occur if the lien was improperly filed, if the judgment was satisfied, but the creditor failed to release the lien, or if the property subject to the lien has been sold and the creditor failed to release it. The debtor files a motion with the court, seeking an order to release the judgment lien. If the court finds merit in the motion, it will issue an order mandating the release and the debtor can record the order with the county recorder's office. Keywords: Oklahoma, Release of Judgment Lien — Abstract of Judgment, judgment creditor, judgment lien, discharge, debtor's property, evidence, voluntary release, court-ordered release, county recorder's office, satisfaction, settlement agreement, title, court's intervention, improperly filed, motion, order
Oklahoma Release of Judgment Lien — Abstract of Judgment refers to a legal process that allows a judgment creditor to release a previously filed judgment lien on a debtor's property. This document serves as evidence of the discharge of the lien and protects the debtor's property from any potential claims related to the judgment. In Oklahoma, there are two main types of Release of Judgment Lien — Abstract of Judgment: 1. Voluntary Release: This type of release occurs when the judgment creditor voluntarily decides to release the lien on the debtor's property. It often happens when the debtor satisfies the judgment, pays the outstanding balance, or reaches a settlement agreement. The voluntary release is filed with the appropriate county recorder's office to clear the title of the property. 2. Court-Ordered Release: In certain cases, the debtor may request the court's intervention to obtain a release of a judgment lien. This could occur if the lien was improperly filed, if the judgment was satisfied, but the creditor failed to release the lien, or if the property subject to the lien has been sold and the creditor failed to release it. The debtor files a motion with the court, seeking an order to release the judgment lien. If the court finds merit in the motion, it will issue an order mandating the release and the debtor can record the order with the county recorder's office. Keywords: Oklahoma, Release of Judgment Lien — Abstract of Judgment, judgment creditor, judgment lien, discharge, debtor's property, evidence, voluntary release, court-ordered release, county recorder's office, satisfaction, settlement agreement, title, court's intervention, improperly filed, motion, order
