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In Idaho, the lender is the beneficiary of the trust deed and the trustee holds the lien on the property. There are two outcomes of a deed of trust. Upon fulfillment of the obligation (the repayment of the loan), the trustee executes a deed of reconveyance, discharging the lien.
A satisfaction of mortgage is a signed document confirming that the borrower has paid off the mortgage in full and that the mortgage is no longer a lien on the property.
After the terms of a loan are satisfied, your lender will report your final payment to the major credit bureaus. The loan account on your credit report will be closed and marked as paid in full. Paying off debt will lower your debt to income ratio, docHubly improving your credit score.
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.
When a deed of trust/mortgage is paid in full, you can record a Full Reconveyance from the trustee stating publicly that the loan has been paid. The Full Reconveyance Form is completed and signed by the trustee, whose signature must be docHubd.
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Your Satisfaction is recorded under the names of the borrower/mortgagor on the original loan.
The trustee is named in the deed of trust, and, as codified at I.C. 45-1504, can be a bank, lawyer, title insurance agent, or a licensed trust organization, though it is generally a title insurance agent [1]. In Idaho, the lender is the beneficiary of the trust deed and the trustee holds the lien on the property.
After the terms of a loan are satisfied, your lender will report your final payment to the major credit bureaus. The loan account on your credit report will be closed and marked as paid in full. Paying off debt will lower your debt to income ratio, docHubly improving your credit score.
An Idaho deed of trust is a form used to record a mortgage interest in a given property. If it is properly recorded with the county recorder, it will prevent the property from being sold without first having the loan paid off. It serves to give notice to potential purchasers and other lenders that a mortgage exists.
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.

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