Satisfaction, Cancellation or Release of Mortgage Package - Colorado 2025

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Satisfaction of Mortgage Timeline The first step requires a written acknowledgment. Your lender will need to document that you made your final payment, completing your repayment period. This document, sometimes called a release or satisfaction, must be docHubd and entered into your countys official records.
A release of mortgage, commonly known as a discharge of mortgage, is a legal document issued by the lender acknowledging that the mortgage debt is settled. It effectively releases the property from the lien, allowing homeowners clear ownership.
You can request a copy of the mortgage satisfaction document from your county recorders office after you pay off your mortgage. Please allow 60 to 90 days after your loan is paid in full before contacting them for a copy of the lien. Note: timeframes can vary by county and could take up to six months.
A release is a relinquishment of a right, which may be given gratuitously or for inadequate consideration, while an and satisfaction is the discharge of a debt or claim by the acceptance of some payment which is agreed to constitute full satisfaction.
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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Depending on your state, a Satisfaction of Mortgage may also be known as: Mortgage Lien Release. Release of Mortgage.
A release is synonymous to a satisfaction of mortgage since they indicate the borrower has repaid their mortgage loan in full and the lien on the property has been lifted.

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