Description: A Wyoming Release of Lien for Real Estate is a legal document used to release any existing lien or encumbrances on a property in Wyoming. This document is typically executed by the lien holder or creditor after the underlying debt has been fully paid off or satisfied by the property owner. Once recorded with the appropriate county office, the release of lien serves as proof that the debt has been cleared, ensuring a clear title and enabling the property owner to sell, transfer, or refinance the property without any hindrances. Different Types of Wyoming Release of Lien for Real Estate: 1. General Release of Lien: This type of release applies to a broad range of real estate liens, including mechanic's liens, mortgage liens, tax liens, or any other lien that may have been placed on the property. 2. Specific Release of Lien: A specific release of lien is used when a particular lien on the property needs to be released. This type is typically used when there are multiple liens on the property, and the lien holder wants to release only a specific one. 3. Partial Release of Lien: In situations where a property owner has partially paid off their debt, a partial release of lien may be used. This document releases only a portion of the lien, reflecting the amount that has been paid off, while keeping the remaining balance intact. 4. Final Release of Lien: A final release of lien is issued when the entire debt has been settled, and there are no further obligations or claims against the property. It terminates the lien holder's rights to the property and ensures that the owner has a clear and marketable title. The Wyoming Release of Lien for Real Estate is a crucial document that protects both the property owner and potential buyers. It provides assurance that the property is free from any outstanding claims or debts, allowing for smooth real estate transactions. Property owners in Wyoming should consult with a legal professional experienced in real estate law to ensure the proper preparation and recording of the release of lien document, providing the necessary protection and peace of mind.
Wyoming Release of Lien for Real Estate
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How to fill out Release Of Lien For Real Estate?
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A Wyoming Notice of Intent is a critical step to secure your WY mechanics lien rights on private construction projects. This Wyoming lien notice form is required to be sent by all potential claimants at least 20 days before filing a mechanics lien claim.
Lien claim (Private): Prime contractor - 150 days after the earlier of (1) last day work was performed or (2) the date the project is substantially complete, whichever is earlier; Subcontractor - 120 days after the earlier of (1) last day work was performed or (2) the date the project is substantially complete, ...
§ 29-2-107. The notice shall be sent no later than twenty (20) days prior to filing a lien statement. (b) The notice under this section shall be in substantially the same format and contain the same information as the notice form specified in W.S. 29-10-102.
(a) Any person leasing or renting space for a house trailer site shall have a lien on any house trailer thereon situated for unpaid lease or rental payments and for other unpaid charges due the lessor under the terms or conditions of any lease or rental agreement.
To release a lien or security interest: You must complete and return a termination form (PDF) You must have your Wyoming Certificate of Title. If original lien was filed prior to July 1, 1993 a fee is required - refer to fee schedule (PDF)
§ 29-2-109. No lien shall continue to exist except by virtue of the provisions of this chapter for more than one hundred eighty (180) days after the lien is filed unless an action to foreclose the lien is instituted. Click Here to File a Wyoming Document.
23-1-101. Definitions of wildlife. (B) Until the date gray wolves are removed from the list of experimental nonessential population, endangered species or threatened species in Wyoming as provided by W.S. 23-1-108, "predatory animal" includes wolves.
Failure of payment due and owing to a contractor, subcontractor or materialman for work performed or materials provided to the project located on the property can result in the filing of a lien against the property.
