Escrow & Title
What is a 'release of lien' and when is it needed in Nevada?
AA document releasing a buyer from their purchase obligation
BA recorded document signed by a lienholder confirming that a debt has been paid and the lien on the property is discharged — required to clear title before closing when existing liens are paid off✓ Correct
CA Nevada court order releasing property from probate
DA document releasing the escrow officer from their duties
Explanation
A release of lien (also called a satisfaction of mortgage, reconveyance, or release of deed of trust) is a recorded document confirming that a mortgage, judgment, or mechanic's lien has been paid and is no longer a claim against the property. In Nevada, when an existing mortgage is paid off at closing, the lender must record a reconveyance deed within a specified time. Without the recorded release, the paid lien remains a cloud on title visible in future title searches.
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