Florida Satisfaction of Mortgage is a document that is used to legally release a borrower from their mortgage obligation. It is filed with the county recorder's office and is generally required in order to transfer the title of a property from one borrower to another. The document is signed by both the lender and borrower and states that the mortgage has been paid in full. There are two types of Florida Satisfaction of Mortgage: Voluntary and Involuntary. A Voluntary Satisfaction of Mortgage is signed by both parties and is used when the borrower has paid off the loan in full. An Involuntary Satisfaction of Mortgage is signed by the lender only and is used when the lender has accepted a deed in lieu of foreclosure or has obtained a deficiency judgment.
Florida Satisfaction of Mortgage
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How to fill out Florida Satisfaction Of Mortgage?
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