A Louisiana Release by Motion and Order to Cancel Notice of Property Bond Mortgage is a document issued by the court to cancel a mortgage that was secured by a property bond. It allows the mortgagor (the person who took out the loan) to release the lien on the property and clear their debt. There are two types of Louisiana Release by Motion and Order to Cancel Notice of Property Bond Mortgage: the voluntary release and the involuntary release. The voluntary release is issued when the mortgagor and the mortgagee (the lender) agree to cancel the loan. The involuntary release is issued when the court orders the release of the mortgage due to the mortgagee's failure to meet certain legal requirements.
Louisiana Release by Motion and Order to Cancel Notice of Property Bond Mortgage
State:
Louisiana
Control #:
LA-SKU-0398
Format:
PDF
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Description
Release by Motion and Order to Cancel Notice of Property Bond Mortgage
A Louisiana Release by Motion and Order to Cancel Notice of Property Bond Mortgage is a document issued by the court to cancel a mortgage that was secured by a property bond. It allows the mortgagor (the person who took out the loan) to release the lien on the property and clear their debt. There are two types of Louisiana Release by Motion and Order to Cancel Notice of Property Bond Mortgage: the voluntary release and the involuntary release. The voluntary release is issued when the mortgagor and the mortgagee (the lender) agree to cancel the loan. The involuntary release is issued when the court orders the release of the mortgage due to the mortgagee's failure to meet certain legal requirements.
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