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Delaware Complaint to Compel Mortgagee to Execute and Record Satisfaction and Discharge of Mortgage

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This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.


A Delaware Complaint to Compel Mortgagee to Execute and Record Satisfaction and Discharge of Mortgage is a legal document filed by a borrower against a mortgagee (lender) in Delaware jurisdiction. This complaint aims to force the mortgagee to fulfill their obligation to execute and record the satisfaction and discharge of the mortgage once the borrower has fully repaid the loan. When a borrower pays off their mortgage, it is the responsibility of the mortgagee to promptly release the lien on the property and file the necessary documents for the discharge of the mortgage. However, sometimes mortgagees can be negligent or uncooperative, delaying or refusing to execute and record the satisfaction and discharge of the mortgage. In such cases, the borrower can file a Complaint to Compel Mortgagee to ensure this crucial step is completed and the mortgage is legally released. The contents of a Delaware Complaint to Compel Mortgagee to Execute and Record Satisfaction and Discharge of Mortgage may vary, but typically include: 1. Caption: The complaint begins with the caption, stating the names of the parties involved, their roles (plaintiff vs. defendant), and the civil court of Delaware where the case will be heard. 2. Introduction: The introduction outlines the jurisdiction and basis for the complaint, providing a brief overview of the situation and why the borrower is filing the complaint. 3. Background: This section provides a detailed account of the borrower's initial mortgage agreement, the terms of repayment, and the completion of loan payments. 4. Default: If applicable, the complaint may detail any default or breach of contract by the mortgagee, such as failing to execute and record the satisfaction and discharge of the mortgage despite the borrower's fulfillment of the loan obligations. 5. Legal basis: The complaint will cite the relevant Delaware laws and regulations that establish the obligation of the mortgagee to execute and record the satisfaction and discharge of the mortgage. 6. Prayers for relief: The borrower will state their desired outcome, seeking a court order to compel the mortgagee to execute and record the satisfaction and discharge of the mortgage. Additionally, any remedies sought, such as attorney fees or damages, may be listed here. Other types of Delaware Complaints to Compel Mortgagee to Execute and Record Satisfaction and Discharge of Mortgage may include: 1. Complaint to Compel Mortgagee to Execute and Record Partial Satisfaction and Discharge of Mortgage: This type of complaint is filed when the borrower has made partial loan repayments, and the mortgagee refuses to execute and record partial satisfaction and discharge of the mortgage accordingly. 2. Complaint to Compel Mortgagee to Correctly Execute and Record Satisfaction and Discharge of Mortgage: This type of complaint is filed when the mortgagee has executed and recorded the satisfaction and discharge of the mortgage but with errors or inaccuracies, making it necessary for the borrower to seek a court order to correct and ensure the accuracy of the released mortgage.

A Delaware Complaint to Compel Mortgagee to Execute and Record Satisfaction and Discharge of Mortgage is a legal document filed by a borrower against a mortgagee (lender) in Delaware jurisdiction. This complaint aims to force the mortgagee to fulfill their obligation to execute and record the satisfaction and discharge of the mortgage once the borrower has fully repaid the loan. When a borrower pays off their mortgage, it is the responsibility of the mortgagee to promptly release the lien on the property and file the necessary documents for the discharge of the mortgage. However, sometimes mortgagees can be negligent or uncooperative, delaying or refusing to execute and record the satisfaction and discharge of the mortgage. In such cases, the borrower can file a Complaint to Compel Mortgagee to ensure this crucial step is completed and the mortgage is legally released. The contents of a Delaware Complaint to Compel Mortgagee to Execute and Record Satisfaction and Discharge of Mortgage may vary, but typically include: 1. Caption: The complaint begins with the caption, stating the names of the parties involved, their roles (plaintiff vs. defendant), and the civil court of Delaware where the case will be heard. 2. Introduction: The introduction outlines the jurisdiction and basis for the complaint, providing a brief overview of the situation and why the borrower is filing the complaint. 3. Background: This section provides a detailed account of the borrower's initial mortgage agreement, the terms of repayment, and the completion of loan payments. 4. Default: If applicable, the complaint may detail any default or breach of contract by the mortgagee, such as failing to execute and record the satisfaction and discharge of the mortgage despite the borrower's fulfillment of the loan obligations. 5. Legal basis: The complaint will cite the relevant Delaware laws and regulations that establish the obligation of the mortgagee to execute and record the satisfaction and discharge of the mortgage. 6. Prayers for relief: The borrower will state their desired outcome, seeking a court order to compel the mortgagee to execute and record the satisfaction and discharge of the mortgage. Additionally, any remedies sought, such as attorney fees or damages, may be listed here. Other types of Delaware Complaints to Compel Mortgagee to Execute and Record Satisfaction and Discharge of Mortgage may include: 1. Complaint to Compel Mortgagee to Execute and Record Partial Satisfaction and Discharge of Mortgage: This type of complaint is filed when the borrower has made partial loan repayments, and the mortgagee refuses to execute and record partial satisfaction and discharge of the mortgage accordingly. 2. Complaint to Compel Mortgagee to Correctly Execute and Record Satisfaction and Discharge of Mortgage: This type of complaint is filed when the mortgagee has executed and recorded the satisfaction and discharge of the mortgage but with errors or inaccuracies, making it necessary for the borrower to seek a court order to correct and ensure the accuracy of the released mortgage.

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A priority amount is the maximum amount the bank has priority over any subsequent mortgage. Priority amount will be referred to in a loan, and this amount will exceed the actual amount of the loan borrowed from the bank. In general, the priority amount is usually around 1.5 times of the value of a property.

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.

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.

A first mortgagee of unregistered land usually retains the title deeds and has priority over others except prior mortgages that are registered as a land charge in the Land Charges Registry. Otherwise the order is governed by the order of registration.

Suppose a mortgage lender fails to record a Satisfaction of Mortgage document within 60 days from the final payment date. In that case, you can file a lawsuit against the mortgagee. Contact a local law firm to speak with an intake specialist about your legal options.

First-rank mortgage is the most secure form of debt with real estate as collateral. The first-lien or senior debt holder will always be paid the first in case a borrower defaults, compared to lower priority security like second-rank debt.

You'll need to take into account a number of factors when it comes to choosing a mortgage, but the most important is to have an accurate idea of your monthly costs. This will include not just paying back the ?principal? loan, but also interest payments.

Where there are two or more mortgages secured on a property, the order in which the lenders are entitled to be repaid when the property has to be sold. The priority is a concern where there are insufficient funds to repay all of the lenders in full.

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Property Address: . You are hereby requested and authorized to enter satisfaction of, and cancel of record, the mortgage executed by. , mortgagor, to. , ... ... the recorder or the prothonotary, in whose office such mortgage or judgment is entered, to enter on the record thereof full and complete satisfaction thereof.(2) If a full or partial release of the mortgage or conveyance is recorded, the recorder of deeds shall place a reference to a book and page number in the ... Apr 17, 2017 — The Shrewsburys filed an answer to the complaint asserting that the note representing the debt secured by the mortgage had not been assigned to ... by RW Freyermuth · 2007 · Cited by 11 — But while such a mortgage lien is no longer legally effective, its extinguished status does not appear automatically on the public records. Until the mortgage ... (c) An affidavit of satisfaction permitted under this section shall contain the following information: (1) The mortgage record, volume and page, instrument ... 3.1 Security Agreement. The parties intend for this Mortgage to create a lien on the Property, and an absolute assignment of the Rents, all in favor of ... Record of proceedings; county where real estate lies. § 3360. Contracts, inadequacy of consideration or better offer; brokers' commissions. Subchapter D. by JJ Card · 2012 · Cited by 2 — Depending on the jurisdiction, the borrower may hold legal title to the property—subject to his satisfaction of the mortgage—or the lender may hold legal title ... May 9, 2018 — Chapter 183, Section 55 requires the lender to discharge the mortgage within 45 days of receipt of full payment of the loan by (i) recording an ...

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Delaware Complaint to Compel Mortgagee to Execute and Record Satisfaction and Discharge of Mortgage