Texas release of vendor's lien 2025

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The document is a Texas Release of Vendor's Lien form provided by U.S. Legal Forms, Inc. It includes instructions for completing the form, a disclaimer regarding the use of the forms without legal warranty, and a notice about confidentiality rights. The main purpose of the document is to release a vendor's lien on property upon full payment of indebtedness, detailing the necessary information about the promissory note, property description, and acknowledgment by a notary public.

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What is a vendor's lien in Texas?

In Texas when a vendor sells property and there is unpaid purchase price, a vendor's lien arises against the property to secure the payment of the unpaid purchase price. An express ven- dor's lien can be reserved in the deed and/or in the real estate lien note.

Who signs the release of lien in Texas?

A lien on real property in Texas is evidence of a debt, and payment of that debt extinguishes, or releases, the lien. When the underlying debt is paid, the lien holder prepares, signs and certifies a written release that is recorded with the county clerk in the county where the property is located.

What is a general warranty deed with vendor's lien Texas?

A Warranty Deed With Vendor's Lien contains the Seller's guarantees of a warranty deed but with a lien. This deed is part of a seller finance package of documents. It is a transfer of real estate property where a lien for the unpaid purchase price in favor of the Seller is retained.

what is warranty deed with vendor's lien texas

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What is unpaid vendor's lien?

Vendor's Lien has also been defined under the Black's Law Dictionary as a lien held by a seller of goods, who retains possession of the goods until the buyer has paid in full. The term lien implies that the property in the goods has vested in the buyer, because no man can have a lien on his own goods.

Can I sell a car with a lien release letter?

The takeaway. It's perfectly legal to sell a car with a lien, as long as you pay off the loan first. To sell a car with a lien, you have the option to sell it to a car dealer as a trade-in, or sell the car to a private buyer.

How do I get a lien release in Texas?

To add or remove a lien on your vehicle title, visit your local county tax office. The title fee is $28 or $33, depending on your county, and must be paid at time of application. Please contact your local county tax office for the exact cost.

What is a prescribed form for release of lien for Texas?

Prescribed Form for Release of Lien (Form VTR-266)

How do I release a lien in Texas?

To remove a lien recorded on a paper title, you will need: the vehicle title. a release of lien letter and/or other notifications from the lienholder(s) currently named on the vehicle title. a completed Application for Texas Title and/or Registration (Form 130-U)