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What does it mean to release a loan?

Once all the money has been fully paid back to the lender a Loan Release Form is created and issued to the borrower relieving them from any liability from the note.

How do you know if your mortgage is satisfied?

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.

What does it mean loan removed due to release?

When your lender releases a mortgage, you have paid off the loan balance. A release of a mortgage is the removal of the lenders lien on your home.

Is satisfaction of mortgage the same as lien release?

What is Satisfaction of Mortgage? 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.

What is a mortgage release letter?

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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