How long is a mortgage offer valid for?

Typically, mortgage offers last between 3 and 6 months from the date they're issued. The length of time can vary from lender to lender.

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Satisfaction of Mortgage by a Corporation

Broward Florida Satisfaction of Mortgage by a Corporation

Name: Broward Florida Satisfaction of Mortgage by a Corporation
Brand: US Legal Forms
Rating: 4.59 (404 reviews)

Category:

Real Estate - Mortgages and Deeds of Trust

State:

Multi-State

County:

Broward

Control #:

US-01498BG

Format:

Instant download

Description

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.

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FAQ

Within 60 days after the date of receipt of the full payment of the mortgage, lien, or judgment, the person required to acknowledge satisfaction of the mortgage, lien, or judgment shall send or cause to be sent the recorded satisfaction to the person who has made the full payment.

Two witnesses to the signature. Notarized and properly acknowledged. Must have a prepared by statement: Prepared by:Individual name & address.

A satisfaction of mortgage is a document serving as evidence that you've paid off your mortgage in full, releasing the lien associated with the loan from your property and transferring the title to you. This document typically includes: Borrower and lender contact information. Loan and property information.

Your search of the Official Record must be by property owner. If you do not know the property owner, you can call the Broward County Property Appraiser at 954-357-6830, or visit the Broward County Property Appraiser's website and search by street address to find out who owns a property.

(a) If the final maturity of an obligation secured by a mortgage is ascertainable from the record of it, 5 years after the date of maturity.

Written Acknowledgment 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 satisfaction of mortgage for commercial real property in Florida that has been paid in full or otherwise satisfied. Lenders in Florida customarily use a satisfaction of mortgage, which is recorded in the county where the mortgaged real property is located.

Typically, mortgage offers last between 3 and 6 months from the date they're issued. The length of time can vary from lender to lender.

Effectively, the lender or mortgage holder has 60 days, beginning upon receipt of the final payment or payment in full of the mortgage, to file the satisfaction or release with the proper clerk in the county the property is located and provide the property owner proper notice that the filing has been completed and the

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This results in the construction liens taking priority over the mortgage. Satisfied), that company will issue a satisfaction or release of mortgage document, which gets recorded in the Official Records.Title agents commit errors, lose deeds, and even go out of business. Read our complete guide to Florida asset protection law. For investment after successfully completing our business accelerator! LaunchBC is open to students, faculty, staff, and community. Or Fill out the form below and we will contact you. Fill out the form to access a sample of Practical Guidance.

Broward Florida Satisfaction of Mortgage by a Corporation

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