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.
Pearland Texas Release of Lien: A Detailed Description A release of lien is an essential legal document used in Pearland, Texas, to remove a previously filed lien on a property. Liens are typically placed on a property to secure the payment of a debt or to claim an interest in the property. When the lien holder receives full payment for the debt owed, they are required to release the lien by filing the appropriate release documents with the relevant authorities. There are different types of releases of lien that can occur in Pearland, Texas, depending on the specific circumstances: 1. Final Contractor's Release of Lien: This type of release is filed by a general contractor or subcontractor once they have been fully paid for the work or services provided on a construction project. It effectively removes any claim to the property for the contractor. 2. Partial Release of Lien: Sometimes, a contractor or subcontractor may release a portion of the total lien amount upon receiving partial payment for their work or services. This allows for the property owner to clear a specific portion of the property from the lien claim. 3. Conditional Release of Lien: Sometimes referred to as a progress payment release, this type of release is used in situations where the contractor or subcontractor would like to give up their claim to a particular portion of the payment before receiving full payment for their work. It is essential to ensure that the conditions stated in the document are met for the release to take effect. 4. Lien Removal Affidavit: In some cases, a property owner may become aware of a previously filed lien that is either inaccurate, invalid, or has been paid off with evidence of payment. The property owner can file a lien removal affidavit to formally request the removal of the lien from the property records. 5. Release of Lien Bond: A release of lien bond can be used as an alternative to releasing a lien. In this case, instead of paying off the full debt, the debtor obtains a surety bond. This bond acts as a guarantee that the lien holder will be compensated in case the debtor fails to fulfill their payment obligations. In conclusion, a Pearland Texas Release of Lien is a vital legal document that removes a previously filed lien on a property. Whether it is a final release, partial release, conditional release, lien removal affidavit, or release of lien bond, each type of release serves a specific purpose depending on the circumstances of the debt or claim. It is essential to understand the different types and their requirements to ensure compliance with the law and protect property ownership rights.
