South Carolina Release of Judgment Lien - Full Release

• Category: Oil Gas and Minerals - Releases
• State: Multi-State
• Control #: US-OG-1113
• Format: Word; Rich Text

Description

Release of Judgment Lien - Full Release South Carolina Release of Judgment Lien — Full Release is a legal document used to release a judgment lien placed on a property in South Carolina. A judgment lien is a claim placed on a property by a creditor as a result of a court judgment against the property owner. This lien can hinder the property owner's ability to sell or refinance the property until it is released. In South Carolina, there are different types of Releases of Judgment Lien — Full Release, including: 1. Voluntary Release: This occurs when the judgment creditor chooses to release the lien voluntarily, typically after the judgment debt has been paid in full or settled through negotiation. The creditor files a Voluntary Release with the appropriate county recorder's office to officially release the lien. 2. Satisfaction of Judgment: This type of release is used when the judgment is satisfied, meaning the debtor fulfills their obligation to pay the judgment debt, including any accrued interest and fees. The creditor files a Satisfaction of Judgment with the county recorder's office to notify that the judgment has been fully satisfied, resulting in the release of the lien. 3. Expiry: In some cases, a judgment lien may expire after a specific period if it is not renewed or enforced. This typically happens after ten years in South Carolina, and once the expiration period lapses, the lien automatically releases. A South Carolina Release of Judgment Lien — Full Release document typically includes relevant details such as the names of the judgment creditor and debtor, the court case number, the property address, and the amount of the judgment debt. It also includes a statement indicating that the creditor releases any claim or interest in the property, and that the lien is no longer valid or enforceable. Submitting a properly executed Release of Judgment Lien to the county recorder's office is crucial to ensure that the lien is removed from the property's title, giving the owner the freedom to sell or refinance without any encumbrances. It is advisable to consult with a legal professional for assistance in preparing and filing the appropriate release form in South Carolina to ensure compliance with state laws and procedures.

South Carolina Release of Judgment Lien — Full Release is a legal document used to release a judgment lien placed on a property in South Carolina. A judgment lien is a claim placed on a property by a creditor as a result of a court judgment against the property owner. This lien can hinder the property owner's ability to sell or refinance the property until it is released. In South Carolina, there are different types of Releases of Judgment Lien — Full Release, including: 1. Voluntary Release: This occurs when the judgment creditor chooses to release the lien voluntarily, typically after the judgment debt has been paid in full or settled through negotiation. The creditor files a Voluntary Release with the appropriate county recorder's office to officially release the lien. 2. Satisfaction of Judgment: This type of release is used when the judgment is satisfied, meaning the debtor fulfills their obligation to pay the judgment debt, including any accrued interest and fees. The creditor files a Satisfaction of Judgment with the county recorder's office to notify that the judgment has been fully satisfied, resulting in the release of the lien. 3. Expiry: In some cases, a judgment lien may expire after a specific period if it is not renewed or enforced. This typically happens after ten years in South Carolina, and once the expiration period lapses, the lien automatically releases. A South Carolina Release of Judgment Lien — Full Release document typically includes relevant details such as the names of the judgment creditor and debtor, the court case number, the property address, and the amount of the judgment debt. It also includes a statement indicating that the creditor releases any claim or interest in the property, and that the lien is no longer valid or enforceable. Submitting a properly executed Release of Judgment Lien to the county recorder's office is crucial to ensure that the lien is removed from the property's title, giving the owner the freedom to sell or refinance without any encumbrances. It is advisable to consult with a legal professional for assistance in preparing and filing the appropriate release form in South Carolina to ensure compliance with state laws and procedures.