Most states have statutes that provide that a mortgage or deed of trust may be discharged in the county land records by the recorder of deeds. Generally these statutes proved that a certificate must be filed with said recorder and executed by the mortgagee or on its behalf and acknowledged as prescribed by law. The certificate must specify that the mortgage has been paid or otherwise satisfied or discharged, and should make a reference to the book and page containing the original mortgage or deed of trust.
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.
New Hampshire Satisfaction of Mortgage by a Corporation is a legal document that signifies the full repayment of a mortgage loan by a corporation to the lender, thereby releasing the corporation from any further financial obligations related to the mortgage. This document acts as evidence of the borrower's fulfillment of the loan and satisfaction of the mortgage. Keywords: New Hampshire, Satisfaction of Mortgage, Corporation, repayment, lender, legal document, mortgage loan, financial obligations, evidence, borrower. Different types of New Hampshire Satisfaction of Mortgage by a Corporation can include: 1. Voluntary Satisfaction of Mortgage: This type of satisfaction occurs when the corporation willingly pays off the entire mortgage loan amount and requests the lender to release the mortgage lien from the property. 2. Satisfaction of Mortgage by Foreclosure: In cases where the corporation fails to meet the loan obligations, the lender may initiate foreclosure proceedings. Upon completion of the foreclosure process and sale of the property, the lender issues a satisfaction of mortgage to acknowledge the corporation's debt is fully cleared. 3. Satisfaction of Mortgage by Assumption: When a corporation transfers its mortgage loan to another entity or individual, who agrees to assume the responsibility of repayment, the lender may require a satisfaction of mortgage to be recorded. This ensures that the corporation is released from any future liability related to the mortgage. 4. Satisfaction of Mortgage by Partial Payment: In some situations, a corporation may have made partial payments towards the mortgage loan, either due to financial difficulties or structured repayment plans. Once the full loan amount is settled, the lender issues a satisfaction of mortgage to release the corporation from any remaining obligations. It is important for corporations in New Hampshire to obtain a Satisfaction of Mortgage by a Corporation to protect their interests and establish legal proof of the repayment and release from the mortgage debt. This document should be recorded with the appropriate county or state office to ensure the mortgage lien is effectively removed from the property's title.New Hampshire Satisfaction of Mortgage by a Corporation is a legal document that signifies the full repayment of a mortgage loan by a corporation to the lender, thereby releasing the corporation from any further financial obligations related to the mortgage. This document acts as evidence of the borrower's fulfillment of the loan and satisfaction of the mortgage. Keywords: New Hampshire, Satisfaction of Mortgage, Corporation, repayment, lender, legal document, mortgage loan, financial obligations, evidence, borrower. Different types of New Hampshire Satisfaction of Mortgage by a Corporation can include: 1. Voluntary Satisfaction of Mortgage: This type of satisfaction occurs when the corporation willingly pays off the entire mortgage loan amount and requests the lender to release the mortgage lien from the property. 2. Satisfaction of Mortgage by Foreclosure: In cases where the corporation fails to meet the loan obligations, the lender may initiate foreclosure proceedings. Upon completion of the foreclosure process and sale of the property, the lender issues a satisfaction of mortgage to acknowledge the corporation's debt is fully cleared. 3. Satisfaction of Mortgage by Assumption: When a corporation transfers its mortgage loan to another entity or individual, who agrees to assume the responsibility of repayment, the lender may require a satisfaction of mortgage to be recorded. This ensures that the corporation is released from any future liability related to the mortgage. 4. Satisfaction of Mortgage by Partial Payment: In some situations, a corporation may have made partial payments towards the mortgage loan, either due to financial difficulties or structured repayment plans. Once the full loan amount is settled, the lender issues a satisfaction of mortgage to release the corporation from any remaining obligations. It is important for corporations in New Hampshire to obtain a Satisfaction of Mortgage by a Corporation to protect their interests and establish legal proof of the repayment and release from the mortgage debt. This document should be recorded with the appropriate county or state office to ensure the mortgage lien is effectively removed from the property's title.
