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.
Carrollton Texas Release of Lien: A Detailed Description and Types Carrollton, Texas Release of Lien is a legal document that releases a claim or encumbrance on a property or asset. When a lien is placed on a property, it means that someone has a legal right to claim a portion of the property's value to satisfy a debt or obligation. However, once the lien is released, the claimant no longer has any legal right to the property. In Carrollton, Texas, there are different types of Release of Lien, depending on the specific circumstances and the nature of the lien being released. Here are some notable types: 1. Mechanics Lien Release: This type of Release of Lien is commonly used in the construction industry. When contractors, subcontractors, or suppliers provide labor, materials, or services for a construction project and haven't received payment, they can file a mechanics lien on the property. Once the payment is made, the lien can be released by the concerned parties to remove the claim on the property. 2. Property Lien Release: This type of Release of Lien relates to liens placed on real estate properties due to unpaid property taxes, mortgages, or other outstanding debts related to the property. Once the debt is satisfied, the lien holder releases the lien, ensuring clear ownership and title transfer. 3. Judgment Lien Release: A judgment lien is a legal claim against a property resulting from a court judgment against the property owner. If the judgment is paid, the judgment lien holder can issue a Release of Lien, granting the property owner full rights to their property. 4. IRS Lien Release: The Internal Revenue Service (IRS) may impose a tax lien on a property if the property owner has unpaid federal taxes. Once the tax debt is settled or resolved, the IRS releases the lien, eliminating the encumbrance on the property. A Carrollton, Texas Release of Lien is a crucial document in real estate transactions, mortgage refinancing, or property sales. It ensures that the property has a clear title and frees it from any legal claims or obligations. Generally, the release must be recorded in the county records' office where the original lien was filed to provide public notice of the lien's removal. In conclusion, the Carrollton, Texas Release of Lien is a legal document used to remove any claim or encumbrance on a property. It can be specific to different types of liens, such as mechanics liens, property liens, judgment liens, or IRS liens. Getting a Release of Lien is essential for property owners to establish clear ownership and transfer property rights without any legal complications.
