Pennsylvania Release of Judgment Lien

• Category: Oil Gas and Minerals - Releases
• State: Multi-State
• Control #: US-OG-1110
• Format: Word; Rich Text

Description

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. A Pennsylvania Release of Judgment Lien is a legal document that serves to release a previously attached judgment lien on real property. This document is typically filed by the judgment creditor once the judgment debt has been satisfied or settled. It essentially acts as a formal acknowledgment that the judgment lien is no longer valid and allows the property owner to regain full ownership rights without any encumbrance. Keywords: Pennsylvania, Release of Judgment Lien, legal document, judgment creditor, real property, judgment debt, satisfied, settled, acknowledgment, valid, encumbrance, ownership rights. There are two primary types of Pennsylvania Release of Judgment Lien: 1. Voluntary Release of Judgment Lien: This type of release is executed willingly by the judgment creditor. Once the judgment debt has been fully paid or otherwise resolved, the creditor voluntarily releases the lien. This release is often recorded in the county's land records to ensure transparency and provide public notice of the lien's removal. 2. Court-Ordered Release of Judgment Lien: Sometimes, a judgment debtor may seek a court's intervention to release a judgment lien. This typically happens when there is a dispute regarding the satisfaction of the judgment debt or if the creditor fails to release the lien voluntarily after the debt has been resolved. In such cases, the court may issue an order explicitly directing the release of the judgment lien, which must be filed with the county recorder of deeds. It's important to note that a Release of Judgment Lien does not automatically happen once a judgment is satisfied. The judgment creditor or the court must take specific action to release the lien officially. Property owners must ensure that the release is recorded with the appropriate authorities to protect their ownership rights and provide a clear title for future transactions. Keywords: Voluntary Release of Judgment Lien, Court-Ordered Release of Judgment Lien, judgment debtor, court's intervention, satisfaction of judgment debt, dispute, failure to release lien, order, county recorder of deeds, clear title, future transactions.

A Pennsylvania Release of Judgment Lien is a legal document that serves to release a previously attached judgment lien on real property. This document is typically filed by the judgment creditor once the judgment debt has been satisfied or settled. It essentially acts as a formal acknowledgment that the judgment lien is no longer valid and allows the property owner to regain full ownership rights without any encumbrance. Keywords: Pennsylvania, Release of Judgment Lien, legal document, judgment creditor, real property, judgment debt, satisfied, settled, acknowledgment, valid, encumbrance, ownership rights. There are two primary types of Pennsylvania Release of Judgment Lien: 1. Voluntary Release of Judgment Lien: This type of release is executed willingly by the judgment creditor. Once the judgment debt has been fully paid or otherwise resolved, the creditor voluntarily releases the lien. This release is often recorded in the county's land records to ensure transparency and provide public notice of the lien's removal. 2. Court-Ordered Release of Judgment Lien: Sometimes, a judgment debtor may seek a court's intervention to release a judgment lien. This typically happens when there is a dispute regarding the satisfaction of the judgment debt or if the creditor fails to release the lien voluntarily after the debt has been resolved. In such cases, the court may issue an order explicitly directing the release of the judgment lien, which must be filed with the county recorder of deeds. It's important to note that a Release of Judgment Lien does not automatically happen once a judgment is satisfied. The judgment creditor or the court must take specific action to release the lien officially. Property owners must ensure that the release is recorded with the appropriate authorities to protect their ownership rights and provide a clear title for future transactions. Keywords: Voluntary Release of Judgment Lien, Court-Ordered Release of Judgment Lien, judgment debtor, court's intervention, satisfaction of judgment debt, dispute, failure to release lien, order, county recorder of deeds, clear title, future transactions.