This form is a release of a deed of trust lien. Grantor executed and delivered a deed of trust to the trustee for the lienholder. The lienholder has agreed to release the property from the lien of the deed of trust and discharge all right and title to the property.
Abilene Texas Release of Lien is a legal document used to remove a claim placed on a property by a creditor or contractor for any outstanding debts or payments owed. This document serves as proof that the debt has been satisfied, and the property is free from any liens. There are several types of Abilene Texas Release of Lien, including: 1. Conditional Release of Lien: This type of release is used when a partial payment has been made towards the outstanding debt. It states that the lien holder will release the lien upon receiving the remaining amount. 2. Unconditional Release of Lien: This release is issued once the entire debt has been paid in full. It signifies that the lien holder has no further claims on the property. 3. Final Release of Lien: This release is commonly used in construction projects once all payments have been made, and all debts and obligations have been satisfied. It provides a definitive statement that the property is no longer encumbered by any liens. 4. Partial Release of Lien: In certain situations, a lien may only apply to a portion of the property. In such cases, a partial release of lien is used to release the lien on the specific portion while preserving it on the remaining part. 5. Sworn Statement of Account and Release: This release is accompanied by a sworn statement of account, which provides a detailed breakdown of all charges, credits, and payments related to the lien. It aids in clarifying any discrepancies and provides transparency in lien release transactions. It is essential to understand the specific requirements and guidelines for executing an Abilene Texas Release of Lien accurately. Failure to comply with the correct procedures may result in complications and potential legal consequences. Therefore, it is advisable to consult with a professional, such as a real estate attorney or title company, to ensure the proper execution of this important legal document.Abilene Texas Release of Lien is a legal document used to remove a claim placed on a property by a creditor or contractor for any outstanding debts or payments owed. This document serves as proof that the debt has been satisfied, and the property is free from any liens. There are several types of Abilene Texas Release of Lien, including: 1. Conditional Release of Lien: This type of release is used when a partial payment has been made towards the outstanding debt. It states that the lien holder will release the lien upon receiving the remaining amount. 2. Unconditional Release of Lien: This release is issued once the entire debt has been paid in full. It signifies that the lien holder has no further claims on the property. 3. Final Release of Lien: This release is commonly used in construction projects once all payments have been made, and all debts and obligations have been satisfied. It provides a definitive statement that the property is no longer encumbered by any liens. 4. Partial Release of Lien: In certain situations, a lien may only apply to a portion of the property. In such cases, a partial release of lien is used to release the lien on the specific portion while preserving it on the remaining part. 5. Sworn Statement of Account and Release: This release is accompanied by a sworn statement of account, which provides a detailed breakdown of all charges, credits, and payments related to the lien. It aids in clarifying any discrepancies and provides transparency in lien release transactions. It is essential to understand the specific requirements and guidelines for executing an Abilene Texas Release of Lien accurately. Failure to comply with the correct procedures may result in complications and potential legal consequences. Therefore, it is advisable to consult with a professional, such as a real estate attorney or title company, to ensure the proper execution of this important legal document.
