District of Columbia 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 District of Columbia Release of Mortgage or Deed of Trust, specifically the Short Form Release on Real Estate, is a legal document used to officially release a property from a mortgage or deed of trust. This document serves as proof that the mortgage or deed of trust has been paid in full, and the property is no longer encumbered by the debt. The District of Columbia Release of Mortgage / Deed of Trust — Short For— - Release on Real Estate is a straightforward and concise document that highlights the key details of the original mortgage or deed of trust, as well as the release information. It typically includes the following information: 1. Parties involved: The names and addresses of the lender (mortgagee) and the borrower (mortgagor) or trustee (deed of trust) are clearly mentioned. Additionally, the property address or legal description is provided. 2. Recording information: The document states the recording information of the original mortgage or deed of trust, including the book and page numbers where the instrument was recorded with the District of Columbia land records office. 3. Full release: The release clearly states that the mortgage or deed of trust has been fully satisfied and discharged. This ensures that the property is no longer encumbered by any prior liens or claims. 4. Acknowledgment: The document may include an acknowledgment section where the borrower or trustee acknowledges that the debt has been paid and releases any rights or interests in the property. Different types of District of Columbia Release of Mortgage / Deed of Trust — Short For— - Release on Real Estate may be based on specific circumstances or requirements. These additional variations could include: 1. Substitution of Trustee Release: This type of release is used when a trustee under a deed of trust is substituted with a new trustee, and the original trustee's interest is officially discharged. 2. Partial Release: This exceptional form of release is utilized when only a portion of the property is being released from the mortgage or deed of trust, while the remaining portion continues to be encumbered. 3. Conditional Release: In some cases, a release may be conditional upon the satisfaction of certain conditions, such as the payment of a certain sum of money or the completion of specific obligations. This type of release would outline these conditions clearly. It is crucial to consult with a qualified attorney or legal professional to ensure the appropriate type of District of Columbia Release of Mortgage / Deed of Trust — Short For— - Release on Real Estate is used, based on the specific circumstances and requirements of the situation.

A District of Columbia Release of Mortgage or Deed of Trust, specifically the Short Form Release on Real Estate, is a legal document used to officially release a property from a mortgage or deed of trust. This document serves as proof that the mortgage or deed of trust has been paid in full, and the property is no longer encumbered by the debt. The District of Columbia Release of Mortgage / Deed of Trust — Short For— - Release on Real Estate is a straightforward and concise document that highlights the key details of the original mortgage or deed of trust, as well as the release information. It typically includes the following information: 1. Parties involved: The names and addresses of the lender (mortgagee) and the borrower (mortgagor) or trustee (deed of trust) are clearly mentioned. Additionally, the property address or legal description is provided. 2. Recording information: The document states the recording information of the original mortgage or deed of trust, including the book and page numbers where the instrument was recorded with the District of Columbia land records office. 3. Full release: The release clearly states that the mortgage or deed of trust has been fully satisfied and discharged. This ensures that the property is no longer encumbered by any prior liens or claims. 4. Acknowledgment: The document may include an acknowledgment section where the borrower or trustee acknowledges that the debt has been paid and releases any rights or interests in the property. Different types of District of Columbia Release of Mortgage / Deed of Trust — Short For— - Release on Real Estate may be based on specific circumstances or requirements. These additional variations could include: 1. Substitution of Trustee Release: This type of release is used when a trustee under a deed of trust is substituted with a new trustee, and the original trustee's interest is officially discharged. 2. Partial Release: This exceptional form of release is utilized when only a portion of the property is being released from the mortgage or deed of trust, while the remaining portion continues to be encumbered. 3. Conditional Release: In some cases, a release may be conditional upon the satisfaction of certain conditions, such as the payment of a certain sum of money or the completion of specific obligations. This type of release would outline these conditions clearly. It is crucial to consult with a qualified attorney or legal professional to ensure the appropriate type of District of Columbia Release of Mortgage / Deed of Trust — Short For— - Release on Real Estate is used, based on the specific circumstances and requirements of the situation.