A Fulton Georgia Partial Release of Mortgage/Deed of Trust on a Mineral/Royalty Interest Sold by the Granter refers to a legal document that releases a portion of the mortgage or deed of trust related to a specific mineral or royalty interest in Fulton County, Georgia. This partial release indicates that the granter (the individual transferring the interest) has sold a portion of their mineral or royalty rights to another party. Keywords: Fulton Georgia, Partial Release, Mortgage, Deed of Trust, Mineral Interest, Royalty Interest, Granter. Types of Fulton Georgia Partial Release of Mortgage/Deed of Trust on a Mineral/Royalty Interest Sold by Granter: 1. Partial Release of Mortgage/Deed of Trust on a Mineral Interest: This type of release specifically pertains to the transfer of a portion of the granter's mortgage or deed of trust related to a mineral interest. It indicates that the granter has sold a part of their mortgage or deed of trust associated with their ownership of minerals in Fulton County. 2. Partial Release of Mortgage/Deed of Trust on a Royalty Interest: This variant refers to the partial release of the granter's mortgage or deed of trust regarding a royalty interest. It signifies that the granter has sold a specific portion of their mortgage or deed of trust linked to their ownership of royalty rights in Fulton County. It's important to note that each type of partial release mentioned above may have varying legal implications and requirements. Parties involved in such transactions should consult a legal professional to ensure compliance with Fulton County's regulations and to determine the specific terms of the release.
Fulton Georgia Partial Release of Mortgage / Deed of Trust on A Mineral / Royalty Interest Sold by Grantor
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FAQ
Both a satisfaction of mortgage and deed of reconveyance indicate that the loan has been fully paid and the lien on the property has been released. A deed of reconveyance, however, is typically used in states where a deed of trust is also utilized.
Under a special warranty deed, the grantor warrants only that they received the title and the property was not encumbered during their period of ownership. The grantee could fall afoul of title defects or encumbrances that occurred prior to the grantor's ownership. Bargain and Sale Deeds.
The Grantor is the seller (on deeds), or borrower (on mortgages). The Grantor is usually the one who signed the document.
A Mortgage Release is where you, the homeowner, voluntarily transfer the ownership of your property to the owner of your mortgage in exchange for a release from your mortgage loan and payments.
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.
This release of mortgage is recorded or filed and gives notice to the world that the lien is no more. On the other hand, when you have a trust deed or deed of trust, the lender files a release deed. With a deed of trust, you temporarily give control of the title to your property to the lender for security purposes.
What Documents Can You Expect? Canceled promissory note (note). A promissory note states that someone promises to pay somethingin this case, a mortgage.Deed of trust or mortgage deed (deed).Certificate of satisfaction.Final mortgage statement.Loan payoff letter.
Who Benefits from a Subordination Clause? A subordination clause is meant to protect the interests of the primary lender. A primary mortgage usually covers the cost of purchasing the home; however, if there is a secondary mortgage, the clause ensures that the primary lender retains the number one priority.
A warranty deed is a document often used in real estate that provides the greatest amount of protection to the purchaser of a property. It pledges or warrants that the owner owns the property free and clear of any outstanding liens, mortgages, or other encumbrances against it.
DEED: A written instrument by which one party, the Grantor, conveys the title of ownership in property to another party, the Grantee. A Warranty Deed contains promises, called covenants, that the Grantor makes to the Grantee.
