California Release of Mortgage / Deed of Trust - Short Form - Release on Real Estate

• Category: Oil Gas and Minerals - Releases
• State: Multi-State
• Control #: US-OG-123
• Format: Word; Rich Text

Description

This is another form of release of mortgage/deed of trust. A California Release of Mortgage or Deed of Trust — Short For— - Release on Real Estate is a legal document used in California to release a mortgage or deed of trust on a property. This document is executed by the lender or their authorized representative to acknowledge that the borrower has fully repaid the loan, thereby releasing the lien on the property. Keywords: California, Release of Mortgage, Deed of Trust, Short Form, Real Estate, lien, legal document, lender, borrower, repayment There are different types of California Release of Mortgage / Deed of Trust — Short For— - Release on Real Estate, which include: 1. Full Release: This is the most common type of release where the lender acknowledges that the borrower has repaid the loan in full and releases their interest in the property. 2. Partial Release: In certain cases, the borrower may only repay a portion of the loan, such as a partial refinancing. A partial release document is used to release the lender's interest on the portion that has been repaid, while the original lien remains on the property for the remaining balance. 3. Substitution of Trustee: Sometimes, the lender may decide to change the trustee who holds the deed of trust on the property. In such cases, a Substitution of Trustee form is executed to remove the current trustee and appoint a new one. 4. Re conveyance: When a loan is fully repaid, the lender is legally required to issue a document called a Re conveyance. This form releases the lender's interest, removes the lien, and confirms that the property is now free and clear. 5. Satisfaction of Mortgage: Although less common in California, some mortgages are secured using a traditional Mortgage instrument rather than a Deed of Trust. In such cases, a Satisfaction of Mortgage form is used to release the mortgage lien on the property. It is important to note that each county in California may have its own specific requirements or variations to these forms, so it is advisable to consult with a local legal professional or research the county's specific guidelines for executing the release.

A California Release of Mortgage or Deed of Trust — Short For— - Release on Real Estate is a legal document used in California to release a mortgage or deed of trust on a property. This document is executed by the lender or their authorized representative to acknowledge that the borrower has fully repaid the loan, thereby releasing the lien on the property. Keywords: California, Release of Mortgage, Deed of Trust, Short Form, Real Estate, lien, legal document, lender, borrower, repayment There are different types of California Release of Mortgage / Deed of Trust — Short For— - Release on Real Estate, which include: 1. Full Release: This is the most common type of release where the lender acknowledges that the borrower has repaid the loan in full and releases their interest in the property. 2. Partial Release: In certain cases, the borrower may only repay a portion of the loan, such as a partial refinancing. A partial release document is used to release the lender's interest on the portion that has been repaid, while the original lien remains on the property for the remaining balance. 3. Substitution of Trustee: Sometimes, the lender may decide to change the trustee who holds the deed of trust on the property. In such cases, a Substitution of Trustee form is executed to remove the current trustee and appoint a new one. 4. Re conveyance: When a loan is fully repaid, the lender is legally required to issue a document called a Re conveyance. This form releases the lender's interest, removes the lien, and confirms that the property is now free and clear. 5. Satisfaction of Mortgage: Although less common in California, some mortgages are secured using a traditional Mortgage instrument rather than a Deed of Trust. In such cases, a Satisfaction of Mortgage form is used to release the mortgage lien on the property. It is important to note that each county in California may have its own specific requirements or variations to these forms, so it is advisable to consult with a local legal professional or research the county's specific guidelines for executing the release.