Release of Lien
To free real estate from a Mortgage. See Partial Release.
Example: Reynolds owns 100 Acres of land that is mortgaged for $10,000. If she pays the $10,000, the land will be released from the lender's Lien on the property.
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To free real estate from a Mortgage. See Partial Release.
Example: Reynolds owns 100 Acres of land that is mortgaged for $10,000. If she pays the $10,000, the land will be released from the lender's Lien on the property.
Instrument executed by one supplying labor, materials, or professional services on a project which releases his mechanic’s lien against the project property. Also see mechanic’s lien.
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![]() | Real Estate Dictionary. Dictionary of Real Estate Terms. Copyright © 2004 by Barron's Educational Series, Inc. All rights reserved. Read more | |
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