Installments are parts of the same debt, payable at successive periods as agreed. These payments are typically structured to reduce a mortgage or potentially another form of financial obligation over time.
Involuntary alienation refers to the loss of property ownership against the owner's will, often caused by nonpayment of debts such as taxes or mortgage foreclosures.
A Release of Lien is a document that indicates that a lien holder officially relinquishes their claim on a property after the debt the lien secures is fully paid off.
