Wake North Carolina Release of Lien

• Category: Oil Gas and Minerals - Releases
• State: Multi-State
• County: Wake
• Control #: US-OG-542
• 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. A Wake North Carolina Release of Lien is a legal document used to release a lien or claim on a property in Wake County, North Carolina. This document is crucial when property owners have fully paid off their debts, and the lien holder no longer has any legal right or claim over the property. There are various types of Wake North Carolina Release of Lien documents that cater to different situations: 1. Real Estate Release of Lien: This type of release is commonly used in Wake County to remove liens placed on real estate properties, such as homes, land, or commercial buildings. It ensures that the property owner can freely sell, mortgage, or transfer ownership without any encumbrances. 2. Vehicle Release of Lien: Wake County also requires a release of lien for vehicles, including cars, motorcycles, boats, or recreational vehicles. This document, issued by the lien holder, states that the debt has been satisfied, and the lien is released. 3. Mechanic's Lien Release: Contractors, subcontractors, or suppliers who have not received payment for their services or materials may file a mechanic's lien on a property. However, when the debt is paid, a Wake North Carolina Release of Lien is necessary to clear the title of the property from any encumbrances, enabling its smooth transfer of ownership. 4. Judgment Lien Release: In cases where a creditor obtains a judgment against a debtor, they can file a lien on the debtor's property. Once the judgment debt is paid, the creditor must release the lien through a Wake North Carolina Release of Lien, ensuring the debtor's property rights are restored. The Wake North Carolina Release of Lien document typically includes essential information such as the names and contact details of the property owner, lien holder, and the property description. It also includes details about the original lien, including the date it was filed and the amount of the lien. Relevant keywords: Wake North Carolina, Release of Lien, property, real estate, vehicles, mechanic's lien, judgment lien, Wake County, legal document, encumbrances, debt, lien holder.

A Wake North Carolina Release of Lien is a legal document used to release a lien or claim on a property in Wake County, North Carolina. This document is crucial when property owners have fully paid off their debts, and the lien holder no longer has any legal right or claim over the property. There are various types of Wake North Carolina Release of Lien documents that cater to different situations: 1. Real Estate Release of Lien: This type of release is commonly used in Wake County to remove liens placed on real estate properties, such as homes, land, or commercial buildings. It ensures that the property owner can freely sell, mortgage, or transfer ownership without any encumbrances. 2. Vehicle Release of Lien: Wake County also requires a release of lien for vehicles, including cars, motorcycles, boats, or recreational vehicles. This document, issued by the lien holder, states that the debt has been satisfied, and the lien is released. 3. Mechanic's Lien Release: Contractors, subcontractors, or suppliers who have not received payment for their services or materials may file a mechanic's lien on a property. However, when the debt is paid, a Wake North Carolina Release of Lien is necessary to clear the title of the property from any encumbrances, enabling its smooth transfer of ownership. 4. Judgment Lien Release: In cases where a creditor obtains a judgment against a debtor, they can file a lien on the debtor's property. Once the judgment debt is paid, the creditor must release the lien through a Wake North Carolina Release of Lien, ensuring the debtor's property rights are restored. The Wake North Carolina Release of Lien document typically includes essential information such as the names and contact details of the property owner, lien holder, and the property description. It also includes details about the original lien, including the date it was filed and the amount of the lien. Relevant keywords: Wake North Carolina, Release of Lien, property, real estate, vehicles, mechanic's lien, judgment lien, Wake County, legal document, encumbrances, debt, lien holder.