This Affidavit of Cancellation of Lien form is for use by an individual owner of land to state by affidavit that a lien was filed on described property, that no action to foreclose or adjudicate the lien has been instituted within one year of filing the lien and that the lien is therefore cancelled by limitation of law pursuant to 42 O.S. 1995 Supp. §177.
An affidavit of cancellation of lien is an important legal document typically used in Broken Arrow, Oklahoma to release a lien on a property. This document is filed by an individual who has previously placed a lien on a property but wishes to cancel or release that lien. By doing so, the individual acknowledges that the debt or obligation associated with the lien has been satisfied or resolved. In Broken Arrow, Oklahoma, there are a few different types of Affidavits of Cancellation of Lien — Individual that may be used depending on the specific circumstances: 1. Mechanic's Lien Cancellation Affidavit — Individual: This type of affidavit is filed by an individual who has previously filed a mechanic's lien on a property. It is typically used when the individual, such as a contractor or subcontractor, has been paid in full for the services rendered or materials provided and wishes to release the lien. 2. Property Tax Lien Cancellation Affidavit — Individual: This affidavit is used when an individual has previously filed a tax lien on a property and now wishes to cancel or release that lien. It is typically done when the property owner has paid the outstanding property taxes or reached an agreement with the tax authorities to resolve the tax debt. 3. Judgment Lien Cancellation Affidavit — Individual: In some cases, an individual may have obtained a judgment lien against a property due to a court judgment. If the judgment has been satisfied or resolved, the individual can file a judgment lien cancellation affidavit to release the lien. 4. Mortgage Lien Cancellation Affidavit — Individual: When an individual has previously placed a mortgage lien on a property but wishes to cancel or release it, a mortgage lien cancellation affidavit is used. This typically occurs when the mortgage has been fully paid off or refinanced. These affidavits of cancellation of lien — individual are essential for ensuring the proper release and clearance of liens on properties in Broken Arrow, Oklahoma. It is important to consult with a legal professional or title company to ensure the correct form is used and the necessary steps are followed to properly cancel the lien.An affidavit of cancellation of lien is an important legal document typically used in Broken Arrow, Oklahoma to release a lien on a property. This document is filed by an individual who has previously placed a lien on a property but wishes to cancel or release that lien. By doing so, the individual acknowledges that the debt or obligation associated with the lien has been satisfied or resolved. In Broken Arrow, Oklahoma, there are a few different types of Affidavits of Cancellation of Lien — Individual that may be used depending on the specific circumstances: 1. Mechanic's Lien Cancellation Affidavit — Individual: This type of affidavit is filed by an individual who has previously filed a mechanic's lien on a property. It is typically used when the individual, such as a contractor or subcontractor, has been paid in full for the services rendered or materials provided and wishes to release the lien. 2. Property Tax Lien Cancellation Affidavit — Individual: This affidavit is used when an individual has previously filed a tax lien on a property and now wishes to cancel or release that lien. It is typically done when the property owner has paid the outstanding property taxes or reached an agreement with the tax authorities to resolve the tax debt. 3. Judgment Lien Cancellation Affidavit — Individual: In some cases, an individual may have obtained a judgment lien against a property due to a court judgment. If the judgment has been satisfied or resolved, the individual can file a judgment lien cancellation affidavit to release the lien. 4. Mortgage Lien Cancellation Affidavit — Individual: When an individual has previously placed a mortgage lien on a property but wishes to cancel or release it, a mortgage lien cancellation affidavit is used. This typically occurs when the mortgage has been fully paid off or refinanced. These affidavits of cancellation of lien — individual are essential for ensuring the proper release and clearance of liens on properties in Broken Arrow, Oklahoma. It is important to consult with a legal professional or title company to ensure the correct form is used and the necessary steps are followed to properly cancel the lien.
