Partial Release of Property From Mortgage by Individual Holder - Wyoming 2025

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The Grantor is the seller (on deeds), or borrower (on mortgages). The Grantor is usually the one who signed the document.
Partial Release Clause is a provision under which the mortgagee agrees to release certain parcels from the lien of the blanket mortgage upon payment of a certain sum of money by the mortgagor.
Its understood that a partial release is needed when splitting land and selling a portion while keeping the mortgage, but in this case we want to close out the mortgage so to speak and pay it off completely with the proceeds from the sale.
This is in place of a full release, which usually only happens once youve paid off your mortgage completely. A partial release enables lenders to waive their claim on a certain amount of collateral in a mortgage agreement.
What Is an Example of a Partial Release? A partial release in real estate can occur when a lender agrees to release the lien on a portion of a property. Reasons for a partial release include selling a portion of the land and subdividing the land for development.
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With a blanket mortgage, a release clause allows the sale of portions of the secured property and corresponding partial repayment of the loan.
Every lender has different requirements for approving a partial release. Some may require additional payments to adjust the loan-to-value ratio, while others might need specific documentation or approvals. Always start by consulting your lender to understand their process.
Lenders require proof of payment, a survey map, an appraisal, and a letter outlining the reason for the partial release. Borrowers may need to pay fees to the lender and the county recorders office.

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