The Harris Texas Partial Release of Judgment Lien is an important legal document used in the state of Texas to partially release a judgment lien on real property. When a person or entity obtains a judgment against another party, they may place a lien on the debtor's property to secure the debt. However, in certain situations, the judgment creditor may agree to release a portion of the lien amount. A Harris Texas Partial Release of Judgment Lien is typically filed with the Harris County Clerk's office and contains several key elements. Firstly, it identifies the parties involved, including the judgment creditor, judgment debtor, and any additional parties with an interest in the property. It also mentions the original judgment date, case number, and the specific property address subject to the lien. This partial release document specifies the exact amount being released from the judgment lien, which is typically a portion of the original debt. The creditor agrees to release this portion of the lien in exchange for payment or the satisfaction of other conditions, such as the sale of the property. The release also acknowledges that the remaining lien amount will continue to encumber the property. Different types of Harris Texas Partial Release of Judgment Lien may include specific provisions related to the partial release terms. For instance, there could be a provision stating that the lien release is temporary and will expire after a certain period. Another type might involve a partial release based on a negotiated settlement amount, where both parties agree to resolve the judgment for a specific sum. These partial releases can play a crucial role in various scenarios, including real estate transactions or refinancing. They provide clarity to potential buyers or lenders regarding the amount of debt still encumbering the property. Overall, a Harris Texas Partial Release of Judgment Lien acts as a legal agreement between the judgment creditor and debtor to release a specific amount of debt from the judgment lien, bringing some relief to the debtor without entirely removing their obligation to fulfill the remaining debt.
Harris Texas Partial Release of Judgment Lien
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How to fill out Harris Texas Partial Release Of Judgment Lien?
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