What are the types of lien releases?
Lien releases might look different and require specific information and supplementary materials depending on the industry and type of property it represents. Consider these four common types of lien releases: Contractor's or mechanic's lien release: This lien is for vehicle mechanics or members of the construction industry awaiting payment on a project or repair. IRS lien release form 12277: This form asks the IRS to release property debt upon the owner's final payment. Mortgage lien release: Once all mortgage payments are complete, the homeowner can file a release of lien. Partial release of lien: A partial release is filed after small payments towards the full amount have been paid. This is often used in the contractor/subcontractor situation.