Tennessee 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 A Tennessee Release of Judgment Lien — Full Release is a legal document used to officially release a judgment lien on a property. When a person or entity obtains a judgment against another party, they may place a lien on the debtor's property to ensure they are paid the amount owed. However, once the judgment has been satisfied or the lien is no longer needed, the creditor must file a Release of Judgment Lien to remove the lien from the property records. In Tennessee, there are two types of Release of Judgment Lien — Full Release: 1. Voluntary Release: A Voluntary Release of Judgment Lien — Full Release is used when the judgment creditor willingly releases the lien without any further action from the debtor. This may occur when the debt has been fully paid or compromised, or when the creditor decides to release the lien for other reasons. 2. Court-Ordered Release: A Court-Ordered Release of Judgment Lien — Full Release is necessary when the debtor initiates legal action to have the lien removed. If the judgment creditor fails to release the lien voluntarily, the debtor may request the court's intervention to order the release. This type of release is typically initiated through a motion filed with the court, and the judge will review the case before deciding whether to order the release. The Tennessee Release of Judgment Lien — Full Release document typically includes the following information: 1. Parties' Information: — Names and addresses of the judgment creditor (or their attorney) and the judgment debtor (or their attorney) 2. Judgment Details: — Description of the judgment and the court where it was obtained — Date of thjudgmenten— - Amount owed, including any interest and fees 3. Property Description: — Legal description of the property on which the judgment lien was placed — County and state where the property is located — Property identification numbers, if applicable 4. Release of Lien: — A clear and concise statement releasing the judgment lien on the property — Signatures of the judgment creditor or their attorney, witnessed and notarized It is essential to ensure that all relevant parties are properly notified about the release of the judgment lien. Once recorded with the appropriate county recorder's office, the Release of Judgment Lien — Full Release serves as legal evidence that the lien has been released and no longer encumbers the property. In summary, the Tennessee Release of Judgment Lien — Full Release is a crucial legal document used to officially remove a judgment lien from a property. Whether it is a voluntary release or one ordered by the court, this document plays a crucial role in ensuring that the debtor's property rights are no longer adversely affected by the judgment lien.

A Tennessee Release of Judgment Lien — Full Release is a legal document used to officially release a judgment lien on a property. When a person or entity obtains a judgment against another party, they may place a lien on the debtor's property to ensure they are paid the amount owed. However, once the judgment has been satisfied or the lien is no longer needed, the creditor must file a Release of Judgment Lien to remove the lien from the property records. In Tennessee, there are two types of Release of Judgment Lien — Full Release: 1. Voluntary Release: A Voluntary Release of Judgment Lien — Full Release is used when the judgment creditor willingly releases the lien without any further action from the debtor. This may occur when the debt has been fully paid or compromised, or when the creditor decides to release the lien for other reasons. 2. Court-Ordered Release: A Court-Ordered Release of Judgment Lien — Full Release is necessary when the debtor initiates legal action to have the lien removed. If the judgment creditor fails to release the lien voluntarily, the debtor may request the court's intervention to order the release. This type of release is typically initiated through a motion filed with the court, and the judge will review the case before deciding whether to order the release. The Tennessee Release of Judgment Lien — Full Release document typically includes the following information: 1. Parties' Information: — Names and addresses of the judgment creditor (or their attorney) and the judgment debtor (or their attorney) 2. Judgment Details: — Description of the judgment and the court where it was obtained — Date of thjudgmenten— - Amount owed, including any interest and fees 3. Property Description: — Legal description of the property on which the judgment lien was placed — County and state where the property is located — Property identification numbers, if applicable 4. Release of Lien: — A clear and concise statement releasing the judgment lien on the property — Signatures of the judgment creditor or their attorney, witnessed and notarized It is essential to ensure that all relevant parties are properly notified about the release of the judgment lien. Once recorded with the appropriate county recorder's office, the Release of Judgment Lien — Full Release serves as legal evidence that the lien has been released and no longer encumbers the property. In summary, the Tennessee Release of Judgment Lien — Full Release is a crucial legal document used to officially remove a judgment lien from a property. Whether it is a voluntary release or one ordered by the court, this document plays a crucial role in ensuring that the debtor's property rights are no longer adversely affected by the judgment lien.