Escrow & Title
What is a 'release of lien' in Delaware real estate?
AA document releasing a licensee from fiduciary duties
BA recorded document by which a lienholder acknowledges that a lien (mortgage, judgment, mechanic's lien) has been satisfied and removes it from the property's title✓ Correct
CThe court's order releasing a contested property from litigation
DAn agreement releasing one co-owner from liability for a shared mortgage
Explanation
A release of lien (lien satisfaction or discharge) is a recorded document by the lienholder confirming the debt has been paid and releasing the lien from the property's title, clearing the cloud created by the lien.
Related Delaware Escrow & Title Questions
- A lender's title insurance policy protects:
- Which type of deed provides NO warranties of title?
- Which of the following would appear on a seller's closing statement as a credit?
- In a Delaware closing, who typically selects the title insurance company?
- What is 'chain of title' in Delaware real estate?
- What is a 'deed restriction' (restrictive covenant) in Delaware real estate?
- What is a 'certificate of title' in Delaware real estate?
- In Delaware, a title search typically covers how many years of recorded history to establish marketable title?
Practice More Delaware Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Delaware Quiz →