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Does a satisfaction of a mortgage need to be notarized?
Therefore, there is compelling need for the notary for a mortgage and related documents which must be recorded (satisfaction of mortgage, release of lien of mortgage, spreader agreement and many others).
How can I get a mortgage satisfaction letter?
Once you finish, your mortgage lender should take steps to prepare a satisfaction of mortgage. From there, they should file it with the correct authorities after its signed and notarized. Even if your original lender sold your loan to a mortgage servicer (or any other company), the process stays the same.
What is a proof of satisfaction?
A Certificate of Satisfaction is a legal document that verifies that a debt has been paid in full. This document is typically issued by a lender or creditor and is given to the borrower or debtor as proof that the debt has been satisfied.
What is a mortgage satisfaction piece?
We recommend you consult a real estate attorney or title company to prepare a new deed.
What happens when no satisfaction of a mortgage is recorded?
The general rule is that the satisfaction must be in proper written format and recorded to provide notice of the satisfaction. If the lender fails to record a satisfaction within set time limits, the lender may be responsible for damages set by statute for failure to timely cancel the lien.
The undersigned hereby authorizes and empowers the recorder of said county to enter this satisfaction piece and to cause said mortgage to be satisfied of record
The underdocHubby certifies that the debt secured by the above mentioned Mortgage has been fully paid of otherwise discharged and that upon the recording
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