A San Bernardino California Release of Mortgage/Deed of Trust — Full Release is an essential legal document that signifies the complete repayment of a mortgage or deed of trust on a property located in San Bernardino, California. This document is generally filed with the county recorder's office to officially release any liens or encumbrances on the property title. The release of mortgage/deed of trust is important as it provides proof that the borrower has satisfied their financial obligation to the lender. There are different types of San Bernardino California Release of Mortgage/Deed of Trust — Full Releases that may vary based on specific circumstances or the way in which the mortgage was structured. Some commonly encountered types are: 1. Voluntary Release: A voluntary release occurs when the borrower has fully repaid the mortgage amount according to the terms of the loan agreement. This type of release is typically initiated by the lender or their authorized representative and signifies that the debt has been satisfied entirely. 2. Release After Foreclosure: In cases where the property underwent foreclosure proceedings, a release of mortgage may be obtained after the foreclosure sale. This release acknowledges the completion of the foreclosure process, stating that the lender has received the full amount owed through the sale of the property. 3. Release by Substitution or Refinancing: When a borrower refinances their existing mortgage or replaces their initial loan with a new one, a release of mortgage is often required. This type of release indicates that the original mortgage is being released, making way for the newly obtained loan. 4. Release due to Loan Modification: In situations where a borrower and lender have agreed upon modifying the terms of the original loan, a release of mortgage may be necessary. This release signifies the completion of the loan modification process, affirming that the new terms and conditions have been implemented. 5. Release after Satisfaction of Judgment: If a judgment is issued against a property owner due to unpaid debts, the release of mortgage may be sought once the judgment is satisfied. This release confirms that the property is no longer affected by the judgment lien. It is important to consult with a legal professional or the appropriate county recorder's office in San Bernardino, California, to ensure that the correct type of release of mortgage/deed of trust is obtained and accurately filed.