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A partial release is a release of part of a creditor's claim on a property especially used when a blanket mortgage covers several lots or parcels and the lender partially releases each lot from the mortgage as it is sold. It is used in several other ways in real property law.
A town may have an Agricultural or Forest Tax Lien on a large tract and will partially release smaller portions that are sold from the base tract. A Conservation Commission may impose a Wetlands Order of Conditions on a new subdivision and will partially release each lot as it comes into compliance and is sold by the developer. A creditor with a judgment lien that covers several properties may partially release a property so that it can be sold with the proceeds paid over to the creditor to partially satisfy the lien.
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