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   What is a satisfaction of mortgage?

   • Mortgage lenders are required to prepare satisfaction of mortgage documents that must be signed by all parties associated with the mortgage loan and collateral title. A satisfaction of mortgage is a signed document confirming that the borrower has paid off the mortgage in full and that the mortgage is no longer a lien on the property.

   Satisfaction of Mortgage: What it is, How it Works - Investopedia

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   What is included in a satisfaction of mortgage document?

   • The facts of the mortgage loan, conditions relieving the lender from a lien against the property, and the actions necessary to transfer the property title are all included in a satisfaction of mortgage document.

   satisfaction of mortgage | Wex | US Law | LII / Legal Information Institute

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   Who creates the satisfaction of a mortgage document?

   • The satisfaction of mortgage document is created by a lending institution and their legal counsel. Oftentimes the original mortgage lender will be responsible for the mortgage throughout its life. In some cases, a mortgage may have been sold by the mortgage lender to another financial institution.

   Satisfaction of Mortgage: What it is, How it Works - Investopedia

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   Are mortgage lenders obligated to prepare a satisfaction of mortgage document?

   • Mortgage lenders are obligated to prepare a satisfaction of mortgage document that is signed by all parties involved in the loan and collateral title. [Last updated in April of 2022 by the Wex Definitions Team]

   satisfaction of mortgage | Wex | US Law | LII / Legal Information Institute

   www.law.cornell.edu/wex/satisfaction_of_mortgage

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2. www.investopedia.com › s › satisfaction-mortgageSatisfaction of Mortgage: What it is, How it Works - Investopedia

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   Jun 1, 2022 · A satisfaction of mortgage is a document that confirms a mortgage has been paid off and details the provisions for the transfer of collateral title rights....

   • Author: Julia Kagan

3. smartasset.com › mortgage › satisfaction-of-mortgageWhat Is a Satisfaction of Mortgage? - SmartAsset | SmartAsset

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   Feb 23, 2022 · A satisfaction of mortgage, also known as release, cancellation or discharge of mortgage, is a type of legal document that proves you paid your mortgage in full. As a result, it also certifies that the property’s title is clear of any liens.

4. www.thebalancemoney.com › what-is-satisfaction-ofWhat Is Satisfaction of Mortgage? - The Balance

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   Dec 31, 2021 · Definition and Example of a Satisfaction of Mortgage A Satisfaction of Mortgage is issued when the full term of your mortgage is complete or when you’ve paid ahead on your mortgage to the point where the entire balance is paid off.

   • Author: Laura Leavitt

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     What Does it Mean to Record a Satisfaction of Mortgage?

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6. www.bankrate.com › mortgages › deed-of-reconveyanceDeed Of Reconveyance: What It Is And How It Works | Bankrate

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   May 20, 2024 · A deed of reconveyance, also known as a satisfaction of mortgage, is a document that proves you’ve paid off your mortgage. The deed of reconveyance releases the lien the...

   • Author: David Mcmillin

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7. www.law.cornell.edu › wex › satisfaction_of_mortgagesatisfaction of mortgage | Wex | US Law | LII / Legal ...

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   A satisfaction of mortgage is a document that proves the borrower has paid off the mortgage in full, freeing the loan's lien on the property and giving the title to the borrower. The facts of the mortgage loan, conditions relieving the lender from a lien against the property, and the actions necessary to transfer the property title are all ...

8. www.propertyshark.com › mason › textSatisfaction of Mortgage - definition & explanation ...

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   Definition of 'Satisfaction of Mortgage'. A satisfaction of mortgage is a legal document indicating that a mortgage loan has been paid in full and all the adjacent obligations have been fulfilled. As a result, the lien attached to the property was removed.

9. www.hauseit.com › what-is-a-satisfaction-of-mortgageWhat is a Satisfaction of Mortgage? | Hauseit® NY & FL

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   Nov 13, 2022 · A satisfaction of mortgage is an official document that is recorded in county public records to release a lender’s lien from a property after a mortgage has been paid off. The satisfaction of mortgage is an official document that is signed by an authorized individual at the lending institution in the presence of a public notary.