Hillsborough Florida Satisfaction of Mortgage by a Corporation

Name: Hillsborough 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:

Hillsborough

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

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.

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).

The Deed of Reconveyance is the equivalent of the Satisfaction of Mortgage document. It states that the debt defined in the Deed of Trust has been paid and transfers ownership from the trustee back to the borrower.

A Satisfaction of Mortgage, sometimes called a release of mortgage, is a document that acknowledges that the terms of a Mortgage Agreement have been satisfied, meaning that a borrower has repaid their mortgage loan to the lender.

The technical difference between the two comes down to who holds an interest in your property. With a deed of trust, a trustee holds the interest. With a mortgage, the bank holds an interest.

(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.

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

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.

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

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.

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How do I fill in a sinkhole, and do I need a permit to do so? Additional notarial requirements may be found in the Online Notary Public and Justice of the Peace Manual.Company name, insurance identification code and policy number is required. Mortgage Loan Reinstatement Payment (MLRP) Program - CLOSED. 1983Ex67 ::: : F.SOLUTIC :: CF T ! :: CO.inc Oj COL ' ! Borrower(s) name,; Property Address,; Loan number (if available), and,; Authorization. If the borrower is requesting the payoff:. This results in the construction liens taking priority over the mortgage. Mortgage dated the day of. ,.

Hillsborough Florida Satisfaction of Mortgage by a Corporation

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