Erase In Legal West Virginia Mortgages Forms For Free

Within 60 days of the date of receipt of the full payment of the mortgage, lien, or judgment, the person required to acknowledge satisfaction of the mortgage, lien, or judgment shall send or cause to be sent the recorded satisfaction to the person who has made the full payment.

West Virginia levies a deed transfer tax (often referred to as an excise tax) on real property. The tax is $1.10 per $1,000. Each county has the authority to establish its own excise tax rate, which the majority do. West Virginia does not have a mortgage tax.

The followings are exempt from the transfer tax: (1) wills; (2) testamentary or inter vivos trusts; (3) deeds of partition; (4) deeds made pursuant to mergers of corporations, limited liability companies, partnerships, and limited partnerships; (5) deeds made pursuant to conversions to limited liability companies; (6) ...

What is the difference between a Deed of Reconveyance and Satisfaction of Mortgage? A Deed of Reconveyance states that the debt that was outlined in a Deed of Trust has been fully paid, and a Satisfaction of Mortgage indicates that a mortgage loan that was specified in a Mortgage Agreement has been fully paid.

With a Mortgage Release, also known as a deed-in-lieu of foreclosure, you can voluntarily transfer ownership of your home to your mortgage company and be released from any further payments or financial responsibility. You don't need to be in foreclosure to pursue a Mortgage Release.

You must sign the deed and get your signature notarized, and then record (file) the deed with the clerk of the county commission before your death. Otherwise, it won't be valid. You can make a West Virginia transfer on death deed with WillMaker.