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Deed: This is the document that proves ownership of a property. It transfers ownership of the property to the grantee, also known as the buyer.Mortgage: This is the document that gives the lender a security interest in the property until the Note is paid in full.

When you pay off your loan and you have a mortgage, the lender will send you or the local recorder of deeds or office that handles the filing of real estate documents a release of mortgage.On the other hand, when you have a trust deed or deed of trust, the lender files a release deed.

Once signed and notarized, a Mississippi deed must be recorded. The deed must be presented to the Recorder of Deeds in the county where the property is located. The transfer takes effect when signed and accepted by the grantee. However, recording provides notice to the public that the property was transferred.

When discharging your mortgage, you are paying your current loan in full. The mortgage we have registered on the title of your property is removed, and we will no longer hold it as security.

Retrieve your original deed. Get the appropriate deed form. Draft the deed. Sign the deed before a notary. Record the deed with the county recorder. Obtain the new original deed.

A deed of release is a legal document that removes a previous claim on an asset.A deed of release might be included when a lender transfers the title of real estate to the homeowner upon satisfaction of the mortgage. A deed of release literally releases the parties from previous obligations.

A Mortgage Release is where you, the homeowner, voluntarily transfer the ownership of your property to the owner of your mortgage in exchange for a release from your mortgage loan and payments.Depending on your situation, you may be required to make a financial contribution to receive a mortgage release.

A deed of release or release deed is a legal document that removes the claim of a person from an immovable property and transfers his/her share to the co-owner. The release deed procedure is executed in the sub-registrars office and both the parties are required to be present for signing it.

Deed Of Release

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FAQ

Is a deed and mortgage the same thing?

Is a release of mortgage the same as a deed?

How do I transfer property in Mississippi?

What happens when a mortgage is discharged?

How do I transfer a deed without a lawyer?

What does a deed of release mean?

What does a mortgage release mean?

How do I transfer a deed in Mississippi?

What is discharge deed?

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