The Fastest Way to File a Tennessee Lien Release Form
The process to release a lien against your property is often an administrative hassle, requiring time and effort to negotiate a suitable settlement with creditors. However, once an agreement is reached, a completed lien release form is proof that the lien has been cleared and the property may be sold at the owner's discretion.
Each state uses its own lien release forms and procedures for this purpose. In this article, we will describe the requirements for filing a on your own. However, using DoNotPay can be an easier and faster way to accomplish this process with just a few clicks.
What Is a Lien?
A lien is a security measure that can be placed on a property to secure a debt. A creditor will typically use it as part of a mortgage or car loan agreement. If you fail to fulfill the loan requirements, the holder can legally take possession of the property. It also prevents you from selling or transferring the property without the permission of the lien holder.
The existence of a lien on your property can have significant impacts. This is because it is recorded in public databases with details including the lien holder, lien amount, and date of the lien. The is also included in a property title report, which can reduce the chance of a prospective sale.
|Type of Lien||Description|
|Consensual||The agreement is signed by both parties and becomes effective upon signing.|
|Statutory||The law creates liens and can put them on properties for unpaid taxes or child support.|
|Judgment||The judgment lien is a court order that requires the owner of the property to provide money owed.|
Most Common Lien Situations
There are many types of liens, but they all share the common purpose of withholding an asset until the debt against it is paid off. Here are some typical lien situations:
- Bank Liens. The bank lien is a claim that the banks have on your assets if you owe them money. The rights of this document allow them to seize those things as collateral for repayment, which means they can take anything from cars or homes.
- Property Liens. Property liens are one of the most common claims that creditors can place on your property. They're created when you owe them money, and they allow those who lend it to be reimbursed by seizing whatever assets may have been given as collateral - such as homes or cars to ensure repayment in full.
Car Liens. A car lien is a security interest in your vehicle. It allows the lender of an auto loan or lease contract to repossess it if you default on payments.
Tax Liens. The government places a claim on your assets if you owe taxes. They can seize the assets to pay the debt if the payment is not made.
How Can You Get a Lien Released?
Liens can be released in the following ways:
- Pay off the debt associated with the lien. This is the easiest way to get out of a lien. When the debt has been satisfied, the lien release form is completed to record that the debt has been paid and the lien removed.
- Negotiate the debt with the lien holder. Through arbitration, mediation, or informal negotiations with the creditor, you may be able to pay off the debt to release the lien.
- Obtain a court order to remove the lien. The law provides for an exception in rare cases where you can request a judge to remove a lien if it was obtained through fraudulent or other illegal means. However, this situation can be difficult to prove.
- File bankruptcy. Filing for bankruptcy can be an effective way to get rid of certain liens. However, this option is only available in limited circumstances and has very specific timeframes.
- Wait for the Statute of Limitations to run out. When this time limit for a lien expires, it no longer has any legal effect and can be released from your obligation.
Lien Release Forms Used in the State of Tennessee
A lien release form is a legal document that releases the party filing it from any potential liability related to an earlier claim. The content of this type may include information such as when payment was made and by whom, along with signatures from all parties involved.
The following are used in the state of Tennessee:
- Notice of Discharge of Lien When a vehicle is paid in full, the lender releases the lien and forwards the title to the buyer. This form can be used in place of the title when the debt has been satisfied and the lien removed. The form is mailed to the Title and Registration Division address listed on the form.
- Mechanics Lien Release Form This release form is used by those providing labor or materials for construction, repair, or improvement of a property. The form is filed with the county's recording office.
- Formal Deed of Release When a lien has been satisfied on a mortgaged property, a formal deed of release is completed by the lender.
How to Remove a Lien in Tennessee With the Help of DoNotPay
Using an innovative Remove My Lien Product, DoNotPay can assist you in releasing a lien in Tennessee. All relevant information is collected about the lien and letters sent to creditors requesting renegotiation. DoNotPay will even fill out a release form on your behalf to submit to your creditors. Simply follow the steps below to get started.
- 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.
DoNotPay Helps With Several Other Lien Issues
DoNotPay can also help you navigate through other lien issues.
- What is a car lien release?
- How to check if there is a lien on your house
- Removing a property lien
- Selling a car with lien
- Remove a tax lien from your credit report
- Remove a state tax lien from the public record
What Else Can DoNotPay Do?
In addition to assisting you with releasing liens in Tennessee, DoNotPay offers solutions and guides for a variety of situations including the following:
- Use a fake phone number
- Chargebacks and refunds
- Help with bills
- Jump the phone queue for any company
- Dealing with parking tickets
- Credit card issues
- Warranty claims
- Finding unclaimed money
DoNotPay cuts through the red tape to save you time and money. With thousands of cases solved, it's easy to see that DoNotPay levels the playing field for everyone.