Broward Florida Release of Mortgage / Deed of Trust - Short Form - Release on Real Estate

• Category: Oil Gas and Minerals - Releases
• State: Multi-State
• County: Broward
• Control #: US-OG-123
• Format: Word; Rich Text

Description

This is another form of release of mortgage/deed of trust. A Broward Florida Release of Mortgage/Deed of Trust — Short For— - Release on Real Estate is a legal document that signifies the satisfaction or discharge of a mortgage or deed of trust on a property located in Broward County, Florida. This document is typically executed and recorded by the lender or mortgagee to officially release their interest, lien, or claim on the property. Keywords: Broward Florida, Release of Mortgage, Deed of Trust, Short Form, Release on Real Estate, satisfaction, discharge, mortgagee, interest, lien, claim, Broward County. Different types of Broward Florida Release of Mortgage/Deed of Trust — Short For— - Release on Real Estate may include: 1. Voluntary Release: This is the most common type of release, where the borrower has paid off their mortgage or fulfilled the terms of the deed of trust. The lender voluntarily releases their interest in the property. 2. Non-Judicial Release: In Florida, the state law allows for a non-judicial release of mortgage or deed of trust. This means that the lender can release their interest without involving the court system. 3. Partial Release: Sometimes, a borrower may request a partial release where a specific portion of the property is released from the mortgage. This typically occurs when the property has been subdivided or when a portion of the property has been sold. 4. Assumed Release: If the property is sold or transferred to a new owner, the lender may release the original borrower from their mortgage liability. This release is initiated when the new owner assumes responsibility for the mortgage. In Broward County, Florida, the Broward County Clerk of Courts' Office is responsible for recording and maintaining these releases. It is essential to ensure that all necessary parties sign the release of mortgage or deed of trust, and the document is properly notarized before recordings. Please note that the information provided is a general overview, and it is always recommended consulting with a qualified attorney or legal professional to understand the specific requirements and implications of a Broward Florida Release of Mortgage/Deed of Trust — Short For— - Release on Real Estate.

A Broward Florida Release of Mortgage/Deed of Trust — Short For— - Release on Real Estate is a legal document that signifies the satisfaction or discharge of a mortgage or deed of trust on a property located in Broward County, Florida. This document is typically executed and recorded by the lender or mortgagee to officially release their interest, lien, or claim on the property. Keywords: Broward Florida, Release of Mortgage, Deed of Trust, Short Form, Release on Real Estate, satisfaction, discharge, mortgagee, interest, lien, claim, Broward County. Different types of Broward Florida Release of Mortgage/Deed of Trust — Short For— - Release on Real Estate may include: 1. Voluntary Release: This is the most common type of release, where the borrower has paid off their mortgage or fulfilled the terms of the deed of trust. The lender voluntarily releases their interest in the property. 2. Non-Judicial Release: In Florida, the state law allows for a non-judicial release of mortgage or deed of trust. This means that the lender can release their interest without involving the court system. 3. Partial Release: Sometimes, a borrower may request a partial release where a specific portion of the property is released from the mortgage. This typically occurs when the property has been subdivided or when a portion of the property has been sold. 4. Assumed Release: If the property is sold or transferred to a new owner, the lender may release the original borrower from their mortgage liability. This release is initiated when the new owner assumes responsibility for the mortgage. In Broward County, Florida, the Broward County Clerk of Courts' Office is responsible for recording and maintaining these releases. It is essential to ensure that all necessary parties sign the release of mortgage or deed of trust, and the document is properly notarized before recordings. Please note that the information provided is a general overview, and it is always recommended consulting with a qualified attorney or legal professional to understand the specific requirements and implications of a Broward Florida Release of Mortgage/Deed of Trust — Short For— - Release on Real Estate.