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Official document acknowledging the release of a lien in Bastrop, Texas, satisfied by debtor Mr. Sayed Ahmed Ali. Includes pertinent details and recording information.
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What is release of lien?
A release of lien is a legal document that indicates a debt or obligation has been paid and that the lien on a property is removed, allowing the property to be free of claims.
Who is required to file release of lien?
Typically, the creditor or lienholder who has been paid or satisfied the obligation is required to file the release of lien.
How to fill out release of lien?
To fill out a release of lien, you must provide details such as the names of the parties involved, a description of the property, the original lien amount, and a statement indicating that the lien is being released.
What is the purpose of release of lien?
The purpose of a release of lien is to legally confirm that a lien is no longer enforceable, thus allowing the property owner to sell, refinance, or otherwise transfer the property without the burden of the lien.
What information must be reported on release of lien?
The release of lien must report information such as the names of the lienor and lienee, the property description, the original lien date, and a statement that the lien is released.
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