This form is a Promissory Note. The form provides notification that the lender has issued a satisfaction and release to the borrower. All claims against the borrower and his/her heirs have been permanently discharged.
Miami-Dade Florida Promissory Note - Satisfaction and Release
Category:
State:
Multi-State
County:
Miami-Dade
Control #:
US-00600
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
The per page cost to record a document is $10.00 for the first page and $8.50 for each additional page. If there are more than four names on the document, each additional name costs $1.00, and any variation of the name is counted as a separate name.
Form available online. Must be for residence in Miami-Dade County....Deed & Quit Claim Deed: Must be an original document. Should only be property located within Miami-Dade County. Address of both parties (Grantor & Grantee). Must be signed by seller. Two witnesses to the signature. Notarized and properly acknowledged.
Mortgages: Do not require witnesses but must be acknowledged to be recorded. Powers of Attorneys: Requires two witnesses and a notary acknowledgment.
A promissory note must include the date of the loan, the dollar amount, the names of both parties, the rate of interest, any collateral involved, and the timeline for repayment. When this document is signed by the borrower, it becomes a legally binding contract.
Promissory notes are a valuable legal tool that any individual can use to legally bind another individual to an agreement for purchasing goods or borrowing money. A well-executed promissory note has the full effect of law behind it and is legally binding on both parties.
The mortgagee or assignee who receives that final home loan payment must execute a written document that acknowledges the mortgage has been paid in full, or ?satisfied.? This written acknowledgment must be proven or acknowledged (i.e., signed before a notary public).
A promissory note refers to a written document stating that a certain amount of money will be paid to someone by a specified date. Generally, it is not necessary for the note to be recorded officially. The borrower is required to sign the note, but the lender may choose not to sign it.
How can I record a document? You can eRecord your document through one of our approved vendors.You can bring your original document in person, or mail it in, along with the appropriate fees, to 22 NW 1st St, 1st Floor, Miami, Fl 33128.
A promissory note can become invalid if it excludes A) the total sum of money the borrower owes the lender (aka the amount of the note) or B) the number of payments due and the date each increment is due.
The Recording fee for any document is $10.00 for the first page and $8.50 for each additional page. Copies are $1.00 per page plus $2.00 for the certification.
