What is a Release of Lien?

A Release of Lien is a legal document that proves a property owner has paid off a debt, and the lien associated with that debt is no longer in effect. A lien is a type of legal claim used by creditors to secure repayment of a debt. In the state of Michigan, a Release of Lien is typically filed with the county clerk for the county in which the property is located. This must be done to release any liens that may have been placed on the property, such as a mortgage or home equity loan. Once the document is filed with the county clerk, the lien is no longer in effect and the property owner is free of the obligation to pay the debt that was secured by the lien. In addition to filing a Release of Lien with the county clerk, the property owner may also need to contact the creditor that placed the lien on the property and ask them to cancel the lien. This is not always necessary, but it may be required in some cases. In conclusion, a Release of Lien is a legal document that proves a property owner has paid off a debt, and the lien associated with that debt is no longer in effect. This document must be filed with the county clerk in order for the lien to be released. The property owner may also need to contact the creditor that placed the lien on the property to cancel the lien.

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What is a Release of Lien?

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