What Is a Partial Release of a Lien?

If you're trying to get a lien removed from your property, you might be wondering how a works. Fortunately, the term is fairly straightforward. To get a , you'll need to pay part but not all of the debt involved. Partial releases are mostly used when you need to show full ownership of part of your property, but they can be helpful in other situations as well.

Whether you're looking for a full or partial lien release, DoNotPay can help make the process easier. Here's what you should know about a partial release of a lien.

What Is a Partial Release of a Lien?

Ais granted when you've paid part of the debt associated with the lien. While partial releases are possible for any type of lien, they're most useful with mortgages in certain situations.

The terminology surrounding liens can be complicated. Many people confuse partial lien releases with lien waivers. A lien waiver is usually signed by contractors doing work on your home. These documents give up the contractor's right to place a lien on your property if there's a problem. There are two types:

Conditional:	Conditional lien waivers are signed before you've paid the contractor. They state that the contractor won't put a lien on the property as long as you pay the amount you've agreed on.
Unconditional:	Unconditional lien waivers are signed after you've paid for the work and basically function as proof of payment.

How Would I Get a Partial Lien Release?

It's possible to get a partial lien release in any situation where you've paid some but not all of the debt. However, partial releases are most common with mortgages. A partial release doesn't completely fix the problem, but it makes it less likely that your creditor will repossess your property. Here's how partial releases work for the major types of liens.

1. Mortgage

If you've built a good amount of equity in your home, you might be able to get a partial lien release, which means that you own a portion of the property outright. This can be helpful if you want to sell part of the property, if you need to make a deal with a utility company to run lines through your property or if you want to lease the rights to oil or other resources on the property. In these situations, you'll need to have a lien-free deed to that part of the property, so the partial release of the lien will help you complete your transaction smoothly.

2. Contractor

If you've made a partial payment, the contractor might acknowledge this by partially releasing the lien. This will make it more difficult for the contractor to force a foreclosure on your property.

3. Tax

Like contractors, the IRS might release part of your lien if you've paid some of your back taxes. This might also happen if there are multiple properties with liens. If this is your situation, the IRS might release the lien on one of the properties.

4. Car

Partial lien releases aren't usually used for cars.

A partial lien release can make it more difficult for creditors to repossess your property, but it doesn't fix the lien problem entirely.

Easily Get Any Lien Released With DoNotPay

Whether it's on your home or your car, a lien can be a stressful, public declaration that you're having financial trouble. While a partial release of the lien can show that you're improving your financial situation, it's certainly not a complete solution in most cases. Getting a lien released, whether fully or partially, can be difficult. DoNotPay can help.

With DoNotPay's fast, easy and successful Remove My Lien product, you give us your details and we'll contact your creditor for you. Avoid the stress and time involved in trying to fix the problem yourself, and get your lien released so you can sell your property without complications.

Here's how it works:

Search for remove my lien on DoNotPay.
Start our Remove My Lien product.
Answer some questions about your specific lien and let us help you craft a letter to your creditor to resolve the issue.