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Partial Release of Property From Deed of Trust for Individual - District of Columbia

Partial Release of Property From Deed of Trust for Individual - District of Columbia 2025

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The document is a Certificate of Partial Satisfaction, which certifies that a promissory note secured by a mortgage or deed of trust has been fully paid and satisfied. It acknowledges the release of the lien on the specified property while maintaining the validity of the remaining mortgage. The document includes sections for identification of parties, property description, and notary acknowledgment.

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What is a partial deed of trust?

A partial claim deed of trust is essentially a second mortgage on your property, and it is generally used to make up for missed payments on an existing FHA (Federal Housing Administration) loan.

How is release handled on a deed of trust?

Processing a Release of Deed of Trust Execution: The lender or authorized agent signs the release, and it is notarized as required. Recording: The release is submitted to the county recorders office for official recording, making it part of the public record.

What is a quitclaim deed District of Columbia?

A quitclaim deed is used to transfer interest in real property. It transfers property rights or ownership of real property without any warranties on the title. It is a non-warranty deed.

What does release mean on a deed?

A deed of release literally releases the parties to a deal from previous obligations, such as payments under the term of a mortgage, because the loan has been paid off. The lender holds the title to real property until the mortgages terms have been satisfied when a deed of release is commonly entered into.

What is the release clause in a trust deed used to release?

Generally a release clause could release the lien and property title making the remainder of the loan unsecured. In this situation, a lender would lose first order priority to the property after a specific payment milestone.

What does release of a deed of trust mean?

Through a deed of release of mortgage, also called a release of deed of trust, the lender agrees to remove the deed of trust, which is the document containing all of the mortgages terms and conditions that is filed at the beginning of the mortgage process.

How do I remove someone from a deed of trust?

The person to be removed from the deed should sign the Quitclaim deed in the presence of a notary, who should notarize the document. Record the new deed with the county. Once the Quitclaim deed is signed and notarized, it should be recorded with the County Recorders office.

Partial Release of Property From Deed of Trust for Individual - District of Columbia 2025

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