A Virginia Release of Judgment Lien — Full Release refers to a legal document that effectively eliminates or cancels a judgment lien on a property in the state of Virginia. This release is typically filed by the judgment creditor or their representative to declare that the judgment lien has been fully satisfied, discharged, or is no longer valid. Keywords: Virginia, Release of Judgment Lien, Full Release, property, judgment creditor, satisfied, discharged, no longer valid. There are various types of Virginia Release of Judgment Lien — Full Release, such as: 1. Voluntary Release: This type of release occurs when the judgment creditor willingly declares that the judgment lien has been fully released as the underlying debt has been paid in full or settled. 2. Conditional Release: A conditional release is issued when certain conditions specified by the judgment creditor are met by the judgment debtor. For example, the release might be conditioned upon the payment of a specific amount or fulfillment of certain obligations. 3. Court-Ordered Release: Under certain circumstances, a court may order the full release of a judgment lien. This could occur if the judgment has been successfully appealed, reversed, or if the judgment debtor successfully challenges the validity of the judgment lien. 4. Satisfaction of Judgment: This type of release is filed when the judgment debt has been fully satisfied by the judgment debtor, either through payment in full or an agreed-upon settlement amount. 5. Release of Lien by Subsequent Creditor: If a new judgment lien is placed on the property, the subsequent creditor may request a full release of the previous judgment lien to establish their priority on the property. In summary, a Virginia Release of Judgment Lien — Full Release serves as a legally binding document that releases a judgment lien on a property in Virginia, signifying that the debt has been paid, discharged, or is no longer enforceable. It can be issued voluntarily, conditionally, or as a result of a court order and ensures that the property is free from encumbrances caused by the judgment lien.
Virginia Release of Judgment Lien - Full Release
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