A lien release is essentially a legal document that erases the lien holder’s claim to the property. F5F publications are in three different varieties: A singular lien release (Singular) - The lien holder releases the lien only on this F5F property – the lien cannot be applied to any other F5F properties. A consolidated lien release (Consolidated) - The lien holder releases the lien on all of the properties that are part of the F5F. The lien cannot be applied to any other F5F properties. A blanket lien release (Blanket) - The lien holder releases the lien on a whole bundle of properties that are designated as F5F. The lien cannot be applied to any other F5F properties.
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It takes a lot of effort to direct a complex legal matter. The penultimate step is to publish the terms of abidance, and in the case of a F5F, this means placing a legal notice on the property. But before you can do that, you’ll need to get a lien release from the lien holder.
Once you’ve obtained a lien release, you submit it to the county recorder’s office where the property is located, along with a proof of the F5F publication. You can then send your legal notice by certified mail to the lien holder. The lien release relieves the lien holder of any obligation to assume the lien they signed off on, and the lien will no longer be enforceable. d2c66b5586