Washington Release of Judgment Lien - By Creditor

• Category: Oil Gas and Minerals - Releases
• State: Multi-State
• Control #: US-OG-1112
• Format: Word; Rich Text

Description

This form is a release of judgment lien by creditor. A Washington Release of Judgment Lien — By Creditor is a legal document that serves as evidence of the release and satisfaction of a judgment lien by the creditor. This document is crucial for creditors in Washington state who have previously obtained a judgment lien against a debtor's property but wish to release it. The release of judgment lien signifies that the debt has been paid in full, the judgment has been satisfied, or the creditor has decided to waive their claim on the debtor's property. It is important for creditors to file this document with the appropriate county recorder's office, as it officially removes the lien from the property's title, preventing any encumbrances on the debtor's assets. Keywords: Washington, Release of Judgment Lien, Creditor, satisfaction, evidence, debtor's property, paid in full, waive claim, county recorder's office, encumbrances, assets. Different types of Washington Release of Judgment Lien — By Creditor may include: 1. Voluntary Release: This type of release occurs when the creditor intentionally decides to release the judgment lien without any coercion or external factors. It usually happens when the debtor has made full payment or the creditor decides to release their claim voluntarily. 2. Satisfaction of Judgment: This version of release is applicable when the judgment lien was attached to the debtor's property due to a court judgment. Once the debtor satisfies the judgment, the creditor files a release to acknowledge the debt has been paid and to remove the lien from the property. 3. Non-Waiver Release: In certain cases, a creditor may release a judgment lien with a non-waiver provision, indicating that the release does not waive their right to reattach the lien if the debtor fails to comply with specific conditions or future obligations. 4. Extinguishment of Lien: This type of release operates when the judgment lien is canceled or terminated due to a legal action, such as bankruptcy, foreclosure, or expiration of the lien duration. The creditor files the release to eliminate any lingering claim on the debtor's property. 5. Partial Release: Instead of releasing the entire judgment lien, a creditor may choose to release only a portion of it. This could occur when the debtor partially satisfies the debt or provides collateral that covers a fraction of the lien amount. The partial release allows the debtor to retain ownership rights to the released portion of the property. Note that the above types of releases are general categories and may have specific variations or requirements depending on Washington state law. It is recommended to consult with a legal professional or resource for accurate guidance when preparing a Washington Release of Judgment Lien — By Creditor.

A Washington Release of Judgment Lien — By Creditor is a legal document that serves as evidence of the release and satisfaction of a judgment lien by the creditor. This document is crucial for creditors in Washington state who have previously obtained a judgment lien against a debtor's property but wish to release it. The release of judgment lien signifies that the debt has been paid in full, the judgment has been satisfied, or the creditor has decided to waive their claim on the debtor's property. It is important for creditors to file this document with the appropriate county recorder's office, as it officially removes the lien from the property's title, preventing any encumbrances on the debtor's assets. Keywords: Washington, Release of Judgment Lien, Creditor, satisfaction, evidence, debtor's property, paid in full, waive claim, county recorder's office, encumbrances, assets. Different types of Washington Release of Judgment Lien — By Creditor may include: 1. Voluntary Release: This type of release occurs when the creditor intentionally decides to release the judgment lien without any coercion or external factors. It usually happens when the debtor has made full payment or the creditor decides to release their claim voluntarily. 2. Satisfaction of Judgment: This version of release is applicable when the judgment lien was attached to the debtor's property due to a court judgment. Once the debtor satisfies the judgment, the creditor files a release to acknowledge the debt has been paid and to remove the lien from the property. 3. Non-Waiver Release: In certain cases, a creditor may release a judgment lien with a non-waiver provision, indicating that the release does not waive their right to reattach the lien if the debtor fails to comply with specific conditions or future obligations. 4. Extinguishment of Lien: This type of release operates when the judgment lien is canceled or terminated due to a legal action, such as bankruptcy, foreclosure, or expiration of the lien duration. The creditor files the release to eliminate any lingering claim on the debtor's property. 5. Partial Release: Instead of releasing the entire judgment lien, a creditor may choose to release only a portion of it. This could occur when the debtor partially satisfies the debt or provides collateral that covers a fraction of the lien amount. The partial release allows the debtor to retain ownership rights to the released portion of the property. Note that the above types of releases are general categories and may have specific variations or requirements depending on Washington state law. It is recommended to consult with a legal professional or resource for accurate guidance when preparing a Washington Release of Judgment Lien — By Creditor.