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What is a Satisfaction of Mortgage? 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.
Under federal law, the servicer is generally required to send you a payoff statement within seven business days of your request, subject to a few exceptions. (12 C.F.R.
Upon receiving your final payment, the lender must execute and file a written, docHubd document (typically referred to as a release or satisfaction of mortgage) that acknowledges the mortgage is satisfied or paid in full. They must also file the document with the clerk of the county where your property is located.
Your mortgage company should provide our office with a Satisfaction of Mortgage to be recorded in the Official Records of Orange County, Florida. You may contact us at (407) 836-5115 to request a search of your Satisfaction of Mortgage.
If you pay after one month, you can get the record of the judgment marked as satisfied in the register.
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People also ask

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.
State property records will show whether your lien is released. You can find information on property records by contacting your local Secretary of State or county recorder of deeds.
Section 701.04(2) Fla. Stat. requires the mortgagee to provide the recorded satisfaction to the person who had made the full payment, within 60 days of receiving payment in full of the mortgage.
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.
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.

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