Kentucky - Magoffin County Discharge of Lien by Bond Forms

Included Forms

All Magoffin County specific forms and documents listed below are included in your immediate download package:

Discharge of Lien by Bond Form - Magoffin County

Fill in the blank form formatted to comply with all recording and content requirements.
Included document last updated 2/10/2023

Discharge of Lien by Bond Guide - Magoffin County

Line by line guide explaining every blank on the form.
Included document last updated 1/27/2023

Completed Example of the Discharge of Lien by Bond Document - Magoffin County

Example of a properly completed form for reference.
Included document last updated 3/13/2023

Included Supplemental Documents

The Following Kentucky and Magoffin County supplemental forms are included as a courtesy with your order.

Consideration Certificate (Kentucky Document)

Consideration Certificate Exemptions (Kentucky Document)

Transfer Tax Information & Exemptions (Kentucky Document)

Kentucky Statute 132.810 Homestead exemption -- Application -- Qualification. (Kentucky Document)

Application for Exemption (Kentucky Document)

Frequently Asked Questions:

• How long does it take to get my forms?
  • Forms are available immediately after submitting payment.
• What are supplemental forms?
  • Often when a deed is recorded additional documents are required by Kentucky or Magoffin County. These could be tax related, informational, or even as simple as a coversheet. Supplemental forms are provided for free with your order where available.
• How do I get my forms, are they emailed?
  • After you submit payment you will see a page listing the Magoffin County forms you ordered with a download link to the pdf form file. You download the forms to your computer. You will also receive an email with a link to your download page in case you need it later.
• What type of files are the forms?
  • All of our Magoffin County Discharge of Lien by Bond forms are PDFs. You will need to have or get Adobe Reader to use our forms. Adobe Reader is free software that most computers already have installed.
• Can the Discharge of Lien by Bond forms be re-used?
  • Yes. You can re-use the forms for your personal use. For example, if you have more than one property in Magoffin County that you need to transfer you would only need to order our forms once for all of your properties in Magoffin County.
• Are these forms guaranteed to be recordable in Magoffin County ?
  • Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Magoffin County including margin requirements, content requirements, font and font size requirements.
• Do I have to enter all of my property information online?
  • No. The blank forms are downloaded to your computer and you fill them out there, at your convenience.
• Can I save the completed form, email it to someone?
  • Yes, you can save your deed form at any point with your information in it. The forms can also be emailed, blank or complete, as attachments.
• Do I need any special software to use these forms?
  • You will need to have Adobe Reader installed on your computer to use our forms. Adobe Reader is free software that most computers already have installed.
• Are there any recurring fees involved?
  • No. Nothing to cancel, no memberships, no recurring fees.

Areas covered by these Discharge of Lien by Bond Forms:

• Magoffin County

Including:

• Falcon
• Gunlock
• Royalton
• Salyersville

What is the Kentucky Discharge of Lien by Bond?

Release of Lien in Kentucky by Execution of Bond

Executing a bond is one way to remove mechanic's liens levied on a property. A bond is an amount that can be posted with a surety or other agency that guarantees payment to a contractor or other lien claimant. In return for this assurance, the claimants release the liens.

In Kentucky, the owner or claimant of a property covered by a lien, (or any contractor or other person contracting with the owner or claimant for the furnishing of improvements or services), may, at any time before a judgment is rendered to enforce the lien, execute with the county clerk in the county where the lien was filed, a bond for double the amount of the lien claimed. K.R.S. 376.100. The bond and release must be approved by the clerk and are conditioned upon the obligors satisfying any judgment that may be rendered in favor of the person asserting the lien. Id. So, if the lien is filed for $5,000, a bond of $10,000 must be executed to discharge the lien.

The release document identifies the parties, recording details of the filed lien, and the effective date of the release. The bond shall be preserved by the clerk, and upon its execution the lien upon the property shall be discharged. Id. The person asserting the lien may make the obligors in the bond parties to any action to enforce the claim, and any judgment recovered may be against all or any of the obligors on the bond. Id.

This article is provided for information purposes only and should not be relied on as a substitute for the advice from a legal professional. If you have questions about posting a bond to release a lien, or any other issues related to liens in Kentucky, please speak with a licensed attorney.

Our Promise

The documents you receive here will meet, or exceed, the Magoffin County recording requirements for formatting. If there's an issue caused by our formatting, we'll make it right and refund your payment.

Save Time and Money

Get your Magoffin County Discharge of Lien by Bond form done right the first time with Deeds.com Uniform Conveyancing Blanks. At Deeds.com, we understand that your time and money are valuable resources, and we don't want you to face a penalty fee or rejection imposed by a county recorder for submitting nonstandard documents. We constantly review and update our forms to meet rapidly changing state and county recording requirements for roughly 3,500 counties and local jurisdictions.

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