Franklin Ohio Release of Lien for Real Estate

• Category: Liens - Releases and Waivers
• State: Multi-State
• County: Franklin
• Control #: US-01775-AZ-7
• Format: Word; Rich Text

Description

This form is a release of a lien. The form provides that the lienholder chooses to release a certain parcel of property and the owner from all liability arising from the labor performed and materials furnished by the lienholder under the terms of a contract mentioned in the document. A Franklin Ohio Release of Lien for Real Estate is a legal document that allows property owners and sellers in Franklin, Ohio to remove any existing liens on their property when they have been satisfied. This release is crucial in ensuring a clean title, allowing the property to be freely sold or transferred without any encumbrances. There are several types of Franklin Ohio Release of Lien for Real Estate, depending on the specific situation and the party involved: 1. General Release of Lien: This type of release is used when a lien has been fully satisfied and the creditor or lien holder acknowledges that they have no further claim or rights to the property. It releases the property owner from any obligations associated with the lien, providing clear ownership and title. 2. Mechanic's Lien Release: This release is commonly used in construction projects, where contractors or suppliers place a lien on the property to ensure payment for services or materials provided. Once the debt is paid, a Mechanic's Lien Release is filed to remove the lien and establish the property owner's ownership rights. 3. Judgment Lien Release: This release is necessary when a court has awarded a monetary judgment against the property owner, resulting in the placement of a judgment lien. Once the judgment is satisfied, a Judgment Lien Release is filed to release the lien and remove any restrictions on the property. 4. Tax Lien Release: In cases where the property owner has unpaid taxes, the government may place a tax lien on the property. A Tax Lien Release is filed once the taxes owed are paid or an agreement is reached with the tax authorities to release the lien. This ensures the property owner's ability to sell or transfer the property. 5. Mortgage Lien Release: When a property owner pays off their mortgage loan, the lender issues a Mortgage Lien Release, also known as a Satisfaction of Mortgage. This document releases the lien established by the mortgage, giving the property owner clear title to the property. To obtain a Franklin Ohio Release of Lien for Real Estate, it is crucial to follow the appropriate legal procedures and consult with a real estate attorney or title company. This ensures that all necessary documents are properly prepared, executed, and filed with the correct authorities. Removing any liens on a property is essential for buyers and sellers alike, as it guarantees a smooth and secure real estate transaction.

A Franklin Ohio Release of Lien for Real Estate is a legal document that allows property owners and sellers in Franklin, Ohio to remove any existing liens on their property when they have been satisfied. This release is crucial in ensuring a clean title, allowing the property to be freely sold or transferred without any encumbrances. There are several types of Franklin Ohio Release of Lien for Real Estate, depending on the specific situation and the party involved: 1. General Release of Lien: This type of release is used when a lien has been fully satisfied and the creditor or lien holder acknowledges that they have no further claim or rights to the property. It releases the property owner from any obligations associated with the lien, providing clear ownership and title. 2. Mechanic's Lien Release: This release is commonly used in construction projects, where contractors or suppliers place a lien on the property to ensure payment for services or materials provided. Once the debt is paid, a Mechanic's Lien Release is filed to remove the lien and establish the property owner's ownership rights. 3. Judgment Lien Release: This release is necessary when a court has awarded a monetary judgment against the property owner, resulting in the placement of a judgment lien. Once the judgment is satisfied, a Judgment Lien Release is filed to release the lien and remove any restrictions on the property. 4. Tax Lien Release: In cases where the property owner has unpaid taxes, the government may place a tax lien on the property. A Tax Lien Release is filed once the taxes owed are paid or an agreement is reached with the tax authorities to release the lien. This ensures the property owner's ability to sell or transfer the property. 5. Mortgage Lien Release: When a property owner pays off their mortgage loan, the lender issues a Mortgage Lien Release, also known as a Satisfaction of Mortgage. This document releases the lien established by the mortgage, giving the property owner clear title to the property. To obtain a Franklin Ohio Release of Lien for Real Estate, it is crucial to follow the appropriate legal procedures and consult with a real estate attorney or title company. This ensures that all necessary documents are properly prepared, executed, and filed with the correct authorities. Removing any liens on a property is essential for buyers and sellers alike, as it guarantees a smooth and secure real estate transaction.