Harris Texas Partial Release of Mortgage / Deed of Trust

• Category: Oil Gas and Minerals - Releases
• State: Multi-State
• County: Harris
• Control #: US-OG-128
• Format: Word; Rich Text

Description

This form provides for a partial release of a mortgage/deed of trust on lands. A Harris Texas Partial Release of Mortgage, also known as a Partial Release of Deed of Trust, is a legal document used to release a specific portion of a property from the terms and conditions of a mortgage or deed of trust. This document is commonly executed when a borrower wishes to free a portion of their property from the lien imposed by the mortgage or deed of trust, usually after paying off a part of the original loan. In Harris County, Texas, there are various types of Partial Releases of Mortgage or Deed of Trust that can be used depending on the specific situation. Some different types include: 1. Partial Release of Mortgage/Deed of Trust for Subdivided Lots: This type of release is typically employed when a property, such as a large plot of land, is subdivided into multiple lots. The document allows the original mortgage or deed of trust to be partially released, removing the lien from specific subdivided lots while still keeping it intact on the remaining lots. 2. Partial Release of Mortgage/Deed of Trust for Partial Loan Repayment: When a borrower has paid back a portion of the initial loan amount, they may choose to execute a Partial Release of Mortgage/Deed of Trust to release the lien on the specific portion of the property that has been satisfied. This release allows the borrower to use the released portion as collateral for any subsequent financing or sale transactions. 3. Partial Release of Mortgage/Deed of Trust for Released Parties: In some cases, multiple parties may be involved in a mortgage or deed of trust, such as co-borrowers or co-signers. When one of these parties wishes to be released from the mortgage liability, a Partial Release of Mortgage/Deed of Trust for Released Parties can be utilized. This document releases the specific party from the mortgage obligation while keeping the remaining parties bound by the original terms. 4. Partial Release of Mortgage/Deed of Trust for Easements: When an easement is granted over a specific portion of a property encumbered by a mortgage or deed of trust, the property owner may need to execute a Partial Release of Mortgage/Deed of Trust for Easements. This document releases the lien for the area covered by the easement, allowing the grantee to access or use that portion without interference from the mortgage or deed of trust. It is important to consult with a real estate attorney or a title company to ensure that the correct type of Harris Texas Partial Release of Mortgage/Deed of Trust is used, as each situation may have different requirements and legal implications. The specific terms and conditions of the release will depend on the original mortgage or deed of trust agreement and the specific details of the partial release being sought.

A Harris Texas Partial Release of Mortgage, also known as a Partial Release of Deed of Trust, is a legal document used to release a specific portion of a property from the terms and conditions of a mortgage or deed of trust. This document is commonly executed when a borrower wishes to free a portion of their property from the lien imposed by the mortgage or deed of trust, usually after paying off a part of the original loan. In Harris County, Texas, there are various types of Partial Releases of Mortgage or Deed of Trust that can be used depending on the specific situation. Some different types include: 1. Partial Release of Mortgage/Deed of Trust for Subdivided Lots: This type of release is typically employed when a property, such as a large plot of land, is subdivided into multiple lots. The document allows the original mortgage or deed of trust to be partially released, removing the lien from specific subdivided lots while still keeping it intact on the remaining lots. 2. Partial Release of Mortgage/Deed of Trust for Partial Loan Repayment: When a borrower has paid back a portion of the initial loan amount, they may choose to execute a Partial Release of Mortgage/Deed of Trust to release the lien on the specific portion of the property that has been satisfied. This release allows the borrower to use the released portion as collateral for any subsequent financing or sale transactions. 3. Partial Release of Mortgage/Deed of Trust for Released Parties: In some cases, multiple parties may be involved in a mortgage or deed of trust, such as co-borrowers or co-signers. When one of these parties wishes to be released from the mortgage liability, a Partial Release of Mortgage/Deed of Trust for Released Parties can be utilized. This document releases the specific party from the mortgage obligation while keeping the remaining parties bound by the original terms. 4. Partial Release of Mortgage/Deed of Trust for Easements: When an easement is granted over a specific portion of a property encumbered by a mortgage or deed of trust, the property owner may need to execute a Partial Release of Mortgage/Deed of Trust for Easements. This document releases the lien for the area covered by the easement, allowing the grantee to access or use that portion without interference from the mortgage or deed of trust. It is important to consult with a real estate attorney or a title company to ensure that the correct type of Harris Texas Partial Release of Mortgage/Deed of Trust is used, as each situation may have different requirements and legal implications. The specific terms and conditions of the release will depend on the original mortgage or deed of trust agreement and the specific details of the partial release being sought.