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Deeds of Conveyance: Requires two witnesses and a notary acknowledgment. Mortgages: Do not require witnesses but must be acknowledged to be recorded.
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.
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 Satisfaction is recorded under the names of the borrower/mortgagor on the original loan.
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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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.
The mortgagee or assignee who receives that final home loan payment must execute a written document that acknowledges the mortgage has been paid in full, or satisfied. This written acknowledgment must be proven or acknowledged (i.e., signed before a notary public).
A Satisfaction of Mortgage is issued by the lender after they have received the final mortgage payment from the borrower. Its signed by the mortgagee (in the presence of a witness in some states and counties) and then docHubd by a registered notary public.
Once the loan is paid off and all the terms of the mortgage are satisfied, a mortgage deed of release is created. Until then, the lender holds the title of the property and after the final payment is made, the title of the property is transferred to the borrower of the mortgage.
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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