Sterling Heights Michigan Certificate of Discharge of Lien by Individual

• Category: Michigan Liens - Construction - Mechanics
• State: Michigan
• City: Sterling Heights
• Control #: MI-16-09
• Format: Word; Rich Text

Description

Michigan statutes require that when a lien has been fully paid, the lien claimant shall issue to the property owner a certificate stating that the claim has been paid and the lien discharged. The Sterling Heights Michigan Certificate of Discharge of Lien by Individual is a legal document that serves as proof of the release or cancellation of a lien placed on a property by an individual. This document is commonly used in real estate transactions, where a property owner or homeowner pays off a debt or satisfies a lien and requires a formal release to remove the lien from the property's title. The Certificate of Discharge of Lien confirms that the individual lien holder no longer has a valid claim or interest in the property, and the property is no longer encumbered or subject to any outstanding debts associated with the lien. It is crucial to obtain this document to ensure clear ownership and transferability of the property. Keywords: Sterling Heights, Michigan, Certificate of Discharge of Lien by Individual, lien release, property lien, real estate transactions, homeowner, property owner, encumbrance, outstanding debts, clear ownership, transferability. Different types of Sterling Heights Michigan Certificate of Discharge of Lien by Individual may include: 1. Mortgage Lien Discharge: This type of Certificate of Discharge of Lien is used when a homeowner successfully pays off their mortgage loan, and the lender releases the mortgage lien on the property. It formally acknowledges that the mortgage has been fully satisfied, allowing the homeowner to have a clear title to the property. 2. Mechanics Lien Discharge: When a contractor or subcontractor places a mechanics lien on a property due to unpaid bills or disputed work, a Mechanics Lien Discharge Certificate may be required once the debt is settled. It serves as proof that the lien has been released or discharged, ensuring that the property is no longer encumbered. 3. Judgment Lien Discharge: In cases where a court awards a monetary judgment against a property owner, resulting in a judgment lien being placed on the property, a Judgment Lien Discharge Certificate is needed once the debt has been satisfied. This certificate confirms the removal of the judgment lien from the property's title. 4. Tax Lien Discharge: If a property owner owes delinquent taxes, the government can place a tax lien on the property. Once the property owner pays off the outstanding taxes, a Tax Lien Discharge Certificate is obtained to release the tax lien and restore the property's clear title. Keywords: Mortgage lien discharge, mechanics lien discharge, judgment lien discharge, tax lien discharge, property encumbrance, title transfer, court judgment, delinquent taxes.

The Sterling Heights Michigan Certificate of Discharge of Lien by Individual is a legal document that serves as proof of the release or cancellation of a lien placed on a property by an individual. This document is commonly used in real estate transactions, where a property owner or homeowner pays off a debt or satisfies a lien and requires a formal release to remove the lien from the property's title. The Certificate of Discharge of Lien confirms that the individual lien holder no longer has a valid claim or interest in the property, and the property is no longer encumbered or subject to any outstanding debts associated with the lien. It is crucial to obtain this document to ensure clear ownership and transferability of the property. Keywords: Sterling Heights, Michigan, Certificate of Discharge of Lien by Individual, lien release, property lien, real estate transactions, homeowner, property owner, encumbrance, outstanding debts, clear ownership, transferability. Different types of Sterling Heights Michigan Certificate of Discharge of Lien by Individual may include: 1. Mortgage Lien Discharge: This type of Certificate of Discharge of Lien is used when a homeowner successfully pays off their mortgage loan, and the lender releases the mortgage lien on the property. It formally acknowledges that the mortgage has been fully satisfied, allowing the homeowner to have a clear title to the property. 2. Mechanics Lien Discharge: When a contractor or subcontractor places a mechanics lien on a property due to unpaid bills or disputed work, a Mechanics Lien Discharge Certificate may be required once the debt is settled. It serves as proof that the lien has been released or discharged, ensuring that the property is no longer encumbered. 3. Judgment Lien Discharge: In cases where a court awards a monetary judgment against a property owner, resulting in a judgment lien being placed on the property, a Judgment Lien Discharge Certificate is needed once the debt has been satisfied. This certificate confirms the removal of the judgment lien from the property's title. 4. Tax Lien Discharge: If a property owner owes delinquent taxes, the government can place a tax lien on the property. Once the property owner pays off the outstanding taxes, a Tax Lien Discharge Certificate is obtained to release the tax lien and restore the property's clear title. Keywords: Mortgage lien discharge, mechanics lien discharge, judgment lien discharge, tax lien discharge, property encumbrance, title transfer, court judgment, delinquent taxes.

Law summary