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Sd Release Lien Form

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Instructions and help about sd release form

what is a lien release a lien releases a document signed and filed by a court official stating that a lien has been lifted in most cases a lien is a note stating that of debt - so that the loner has stakes in a property until that debt is paid lien release papers can also be given to those who are not indebted if they own a property with liens against it from a previous owner liens are documents filed with the court to provide collateral against a debt for instance if someone takes out a mortgage the loaner or bank may have a lien against the house being purchased this ensures that if the money is not repaid as required by the terms agreed upon the bank can take possession of the house a lien release would be signed by the bank when the loan was paid and would stay that they no longer had any claims to the properties sometimes a lien release is needed by someone who did not owe the debt for which the lien was placed for instance if a lien was held against a home and the original owner

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