What is a Release of Lien?

A Release of Lien is an important tool in residential real estate law in Florida. It is a document used to signify that a lienholder has released their lien on a particular property. A lien is a form of security that is placed on a piece of property in exchange for payment of a debt. When the debt has been paid, the lienholder will release the lien in exchange for the payment. In Florida, the Release of Lien must be filed in the public records in order to be valid. The Release of Lien serves as proof that the lien is no longer attached to the property. This document is necessary to prove that the lienholder has released their claim on the property and that the property is now free and clear of any encumbrances. It is an important document to have when selling a property or taking a loan out against it, as it proves that there are no liens on the property. The Release of Lien also serves as a type of protection for both the lienholder and debtor. It provides a record that the debt has been paid and removed from the property and that the lienholder no longer has a legal claim to the property. It also provides protection to the debtor in case of a dispute between the lienholder and creditor. The Release of Lien is a crucial document to have when dealing with residential real estate in Florida.

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What is a Release of Lien?

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