What is a Release of Lien?

A Release of Lien is a document used in North Carolina residential real estate law to terminate a lien. A lien is a legal document that someone obtains against another person or entity who has borrowed money or is indebted to them in some way. The lien gives the creditor the right to seize the property of the person or entity they have a lien against until the debt is paid off. In North Carolina, a Release of Lien is signed by the creditor and acts as a legal document to release the lien on the property and waive the debt of the debtor. In some cases, it may also involve a payment to the creditor. Once the Release of Lien is signed, the creditor will no longer possess any legal rights to the property in question. A Release of Lien is an important document to have in North Carolina, as it serves as proof that the debt has been paid and the lien is no longer in effect. Additionally, the Release of Lien will be recorded in the county where the property is located, giving any potential buyers of the property peace of mind that the debt has been paid and the lien is no longer in effect.

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What is a Release of Lien?

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