Keywords: South Carolina, Release of Judgment Lien, Full Release, Types Description: In South Carolina, a Release of Judgment Lien — Full Release is a legal document that effectively removes a judgment lien that has been placed on a debtor's property. The release frees the property from the encumbrance of the lien, allowing the debtor to regain control and ownership without restrictions or effects from the judgment. There are a few different types of Release of Judgment Lien — Full Release in South Carolina, each serving a specific purpose depending on the circumstances: 1. Voluntary Release: A voluntary release occurs when the judgment creditor willingly releases the judgment lien after receiving payment or satisfaction of the debt. In this case, the debtor may negotiate and communicate with the creditor to mutually agree on the terms of the release. 2. Compromise Release: If the debtor and creditor reach a compromise, where the debtor agrees to pay a lesser amount than the original debt, a compromise release is utilized. This type of release removes the lien upon receipt of the agreed-upon payment. 3. Partial Release: In certain cases, the debtor may have satisfied only a portion of the judgment lien. In such situations, a partial release of the judgment lien may be filed, indicating the removed portion while preserving the remaining lien on the property. 4. Statutory Release: South Carolina law provides provisions for a statutory release, which allows the debtor to request the release of a judgment lien after a specific period has passed without any legal enforcement actions by the creditor. The debtor must meet certain criteria determined by the law to be eligible for this type of release. No matter the type of South Carolina Release of Judgment Lien — Full Release, seeking legal advice or assistance is strongly recommended ensuring the proper preparation, execution, and filing of the release document. This helps prevent any complications or disputes that may arise during the process.
South Carolina Release of Judgment Lien - Full Release
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How to fill out South Carolina Release Of Judgment Lien - Full Release?
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