Keywords: Franklin Ohio, Release of Lien, Types Description: A Franklin Ohio Release of Lien is a legal document that removes or releases a lien from a property. A lien is a claim against a property that is used as collateral for a debt or other obligation. The release of lien is typically issued by the party who placed the lien, such as a lender or contractor, once the debt has been paid off or the obligation has been fulfilled. There are different types of Franklin Ohio Release of Lien documents, depending on the specific circumstances: 1. Contractor's Release of Lien: This type of release is issued by a contractor or subcontractor who has placed a lien on a property due to unpaid bills for work performed. Once the contractor receives full payment for their services, they release the lien by signing the document. 2. Property Owner's Release of Lien: In cases where a property owner has paid off a debt or fulfilled an obligation, they can issue a release of lien to remove any claims against their property. This ensures that the property remains free from encumbrances. 3. Lender's Release of Lien: When a borrower has fully paid off a loan secured by a property, the lender issues a release of lien to acknowledge that the debt has been satisfied and the lien is released. This allows the borrower to have clear title to the property. 4. Court-Ordered Release of Lien: In certain legal situations, a court may order a release of lien to be issued. This can occur in cases where a lien is wrongfully placed or when a dispute has been resolved. Regardless of the type, a Franklin Ohio Release of Lien is an essential legal document that provides proof of the removal of a lien from a property. It serves as evidence that the debt has been settled or the obligation has been fulfilled, providing peace of mind to property owners and ensuring the free transfer of ownership.
Franklin Ohio Release of Lien
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How to fill out Franklin Ohio Release Of Lien?
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