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West Virginia Satisfaction, Cancellation or Release of Mortgage Package

Category:
Real Estate - Mortgages and Deeds of Trust
State:
West Virginia
Control #:
WV-P034-PKG
Format:
Word; 
Rich Text
Instant download
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Description Satisfaction West Virginia

With this Satisfaction, Cancellation or Release of Mortgage Package,you will find the forms and letters necessary for the satisfaction or release of a mortgage for the state of West Virginia. The described real estate is therefore released from the mortgage.


Included in your package are the following forms:



1. Satisfaction, Release or Cancellation of a Deed of Trust by a Corporation;

2. Satisfaction, Release or Cancellation of a Deed of Trust by an Individual;

3. Letter of Notice to Borrower of Status of Mortgage;

4. Letter to Recording Office for Recording Satisfaction of a Mortgage
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How to fill out P034 Wv Mortgage?

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If you have a US Legal Forms subscription, just log in, search for the template, click Download and access your Form name from the My Forms; the My Forms tab keeps all of your saved documents.

Keep to the tips below to obtain the form:

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West Virginia Cancellation Mortgage Print Form popularity

Wv Release Mortgage Print Other Form Names

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Release Mortgage Wv FAQ

A Satisfaction of Mortgage is used to acknowledge the same of a Mortgage agreement.In essence, the Deed of Reconveyance and Satisfaction of Mortgage both serve the same function, which is to show that the borrower has repaid the loan fully and that the lender has no further interest in the property.

Satisfaction and release is the formal paperwork stating that a consumer has paid the full amount owed under a court judgment. A satisfaction and release proves that they have paid their debt and prevents creditors from trying to recover more money from them.

Step 1 Identify the parties. The appropriate parties should be documented on the Satisfaction of Mortgage. Step 2 Fill and Sign. The Satisfaction of Mortgage should be signed by the mortgagee, after it has been issued. Step 3 File and Record the Form.

A Satisfaction of Mortgage is issued by the lender after they have received the final mortgage payment from the borrower. It's signed by the mortgagee (in the presence of a witness in some states and counties) and then notarized by a registered notary public.

You may contact us at (407) 836-5115 to request a search of your Satisfaction of Mortgage. You may also utilize our web site (www.occompt.com) to see if your Satisfaction has been recorded. Your Satisfaction is recorded under the names of the borrower/mortgagor on the original loan.

If you have cleared a debt, a mortgage satisfaction document will give you clear title to real property. In other words, mortgage satisfaction is a document that results in release or discharge of a mortgage lien, and indicates that a borrower has cleared his/her debt.

Key Takeaways. A satisfaction of mortgage is a signed document confirming that the borrower has paid off the mortgage in full and that the mortgage is no longer a lien on the property.

If a lender takes longer than 90 days to record it, they can be charged up to $1,500 in penalties. So, in theory, a satisfaction should be recorded within 30-90 days of payoff regardless of what state you work in.

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West Virginia Satisfaction, Cancellation or Release of Mortgage Package
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