Satisfaction - Release of Mortgage by Mortgagee - by Corporate Lender - New York: Fill out & sign online

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Who gets the satisfaction of mortgage?

When you pay your mortgage off, its your lenders responsibility to prepare the satisfaction of mortgage, and have the involved parties sign the document and get it docHubd. The lender is also responsible for filing the documentation with the appropriate records office.

Who signs the satisfaction of mortgage?

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.

Does a satisfaction of mortgage get recorded?

Your Satisfaction is recorded under the names of the borrower/mortgagor on the original loan.

Who files satisfaction of mortgage in New York?

CIVIL PRACTICE LAW AND RULES, 8017, 8021; SOCIAL SERVICES LAW, 106-a: A county clerk is entitled to a fee for recording a satisfaction of mortgage where the county department of social services is the mortgagee but the satisfaction of the mortgage is presented for recording by the mortgagor.

Does a satisfaction of mortgage get recorded?

Your Satisfaction is recorded under the names of the borrower/mortgagor on the original loan.

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