Satisfaction - Release of Mortgage by Mortgagee - Individual Lender or Holder - New Mexico 2025

Get Form
Satisfaction - Release of Mortgage by Mortgagee - Individual Lender or Holder - New Mexico Preview on Page 1

Here's how it works

01. Edit your form online
Type text, add images, blackout confidential details, add comments, highlights and more.
02. Sign it in a few clicks
Draw your signature, type it, upload its image, or use your mobile device as a signature pad.
03. Share your form with others
Send it via email, link, or fax. You can also download it, export it or print it out.

How to use or fill out Satisfaction - Release of Mortgage by Mortgagee - Individual Lender or Holder - New Mexico with our platform

Form edit decoration
9.5
Ease of Setup
DocHub User Ratings on G2
9.0
Ease of Use
DocHub User Ratings on G2
  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by filling in the 'Prepared by and after Recording Return to' section. Enter your name, firm/company, address, city, state, zip code, and phone number.
  3. Next, locate the 'Assessor’s Property Tax Parcel/Account Number' field and input the relevant property tax information.
  4. In the 'SATISFACTION OF MORTGAGE' section, confirm the valuable consideration amount (typically $10) and acknowledge receipt.
  5. Fill in details about the mortgage being released: date of mortgage, names of mortgagor(s), mortgagee's name, and recording information including book and page numbers.
  6. If applicable, complete the assignment section with details of any assignment of the mortgage.
  7. Sign and print your name at the bottom of the form. Ensure you include the date of execution.
  8. Finally, have a notary public acknowledge your signature as required in New Mexico.

Start using our platform today to easily complete your Satisfaction - Release of Mortgage form for free!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.
Contact us
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.
The satisfaction mortgage document should explicitly specify the initial mortgage amount and payment plan. Provide a thorough description of the property, including its legal definition and address. Assemble all the information required for the mortgage, including the date of creation and the recording details.
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.
If a lender takes longer than 90 days to record it, they can be charged up to $1,500 in penalties. So, in theory, a satisfaction should be recorded within 30-90 days of payoff regardless of what state you work in.
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.
be ready to get more

Complete this form in 5 minutes or less

Get form

People also ask

The Release of Mortgage is an original document prescribed by the Titles Registry Office, which must be signed and correctly witnessed by an authorised person at the bank or financial institution, and is the document that should be registered with the local Land Titles Department in order for the registered mortgage to

Related links