Partial Release of Property From Mortgage by Individual Holder - New York 2026

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by filling in your name, firm/company, address, and contact information at the top of the form. This ensures that all parties are correctly identified.
  3. Enter the Assessor’s Property Tax Parcel/Account Number to specify the property involved in the mortgage release.
  4. In the main body, provide details about the mortgage being released, including the date of execution, names of mortgagors and mortgagee, and relevant recording information.
  5. Attach a legal description of the property as Exhibit A. Ensure this is accurate as it defines what property is being partially released.
  6. Sign and date the document where indicated. If applicable, complete any additional sections regarding assignments of the mortgage.
  7. Complete the Certificate of Acknowledgment section to validate your signature before a notary public.

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Instead of getting separate loans for each property you own or want to buy, a blanket mortgage lets you finance everything under one agreement with one monthly payment. These loans typically include a release clause that allows you to sell individual properties without refinancing the entire loan.
A partial release in real estate allows some of the collateral used to secure a mortgage to be released after the borrower has repaid a portion of the loan. A borrower may want a partial release to sell a portion of the land or subdivide the property.
Every lender has different requirements for approving a partial release. Some may require additional payments to adjust the loan-to-value ratio, while others might need specific documentation or approvals. Always start by consulting your lender to understand their process.
When the mortgage is paid off a new document is filed with the government office and it is called a discharge. If only part of the mortgage is paid off a document called a partial discharge can be filed and it releases that part referred to as paid off.

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