In real estate finance, a partial release is the release of a portion of property that is subject to a mortgage or deed of trust. It allows a specified part of the secured property to be removed from the lender’s lien while the remaining property continues to secure the loan.
Partial releases are commonly used in situations such as subdivision or phased development, where individual parcels are sold off over time. The release is typically granted upon satisfaction of agreed conditions, such as the payment of a specified amount toward the loan balance.
