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Commonly Asked Questions about Legal forms for Mortgage Satisfaction

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.
How do I obtain a satisfaction of mortgage? Once your financial institution determines that your mortgage has been paid off (i.e., satisfied), that company will issue a satisfaction document, which gets recorded in the Official Records.
A Satisfaction of Mortgage, also known as a Mortgage Lien Release, is a legal document provided by the mortgagee (financial institution) advising that the mortgage has been paid in full, all terms of the loan have been satisfied and there will no longer be a lien on the property.
The first step requires a written acknowledgment. Your lender will need to document that you made your final payment, completing your repayment period. This document, sometimes called a release or satisfaction, must be docHubd and entered into your countys official records.
If your lender fails to execute and record a satisfaction of mortgage within the mandated 60-day period, you can file a lawsuit that seeks a court order that either: Directs the lender to execute a satisfaction of mortgage. Extinguishes the lien against the property.
For more information, visit MyFloridaCFO.com/division/consumers/ or call the Department of Financial Services consumer helpline toll-free at 1(877) MY-FL-CFO. File a complaint. If you wish to file a complaint against a bank or lender, you may do so by contacting the OFR at flofr.com or (850) 487-9687.
A satisfaction of mortgage is a document that proves the borrower has paid off the mortgage in full, freeing the loans lien on the property and giving the title to the borrower.
A release of mortgage, commonly known as a discharge of mortgage, is a legal document issued by the lender acknowledging that the mortgage debt is settled.