Mississippi Letter Tendering Payment in Order to Obtain Release of Mortgaged Premises

State:
Multi-State
Control #:
US-00937BG
Format:
Word; 
Rich Text
Instant download

Description

This is a generic sample of a letter tendering payment of the remaining balance of a loan secured by a mortgage on real property with a request that the mortgagee forward a release to the mortgagor to be filed in the appropriate land records showing that the mortgage has be satisfied and is no longer a lien on the subject property.

A Mississippi Letter Tendering Payment in Order to Obtain Release of Mortgaged Premises is a legal document used in Mississippi to request the release of a mortgage on a property after full payment of the outstanding loan balance. It is an important step in the process of closing a mortgage transaction and securing the property title free and clear. This letter signifies the borrower's intent to pay off the mortgage and initiate the release process. The letter should contain specific information such as the borrower's name, contact details, property address, and the mortgage details including the loan amount, loan number, and the date the mortgage was entered into. It should also include the borrower's intention to pay off the outstanding balance and request the lender to release the mortgage. Keywords: Mississippi, Letter Tendering Payment, Obtain Release, Mortgaged Premises, legal document, mortgage transaction, property title, outstanding loan balance, borrower, lender. There are no specific variations or types of Mississippi Letter Tendering Payment in Order to Obtain Release of Mortgaged Premises as it is a standard document used to fulfill the legal requirement of mortgage release in Mississippi.

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Mississippi Letter Tendering Payment in Order to Obtain Release of Mortgaged Premises