Lien Cancellations and Releases can be a thorny and dangerous instrument, and unexpectedly so. Some states require that claimants release a lien after the claim has been satisfied or upon request, though most lien cancellations are filed by the claimant voluntarily and in exchange for payment or a promise of payment.
The fact, however, is that the exchange of money for a release is delicate. Claimants want the money before a release, and owners, lenders, or general contractors want the release before the money. What to do?
Your payment and security is zlien’s top priority. You can leverage our technology and service to make this exchange seamless and to get money in your pocket quickly.
It is also important to note that a lien release or lien cancellation is not the same thing as a lien waiver, which is sometimes called a 'waiver and release'. A lien cancellation removes a filed lien from the property's title, whereas a lien waiver is used to waive lien rights before a claim is filed.