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Partial Release of Property From Mortgage by Individual Holder - Maine 2025

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The document is a legal instrument for a partial release from a mortgage, detailing the release of specific real property from an existing mortgage while maintaining the mortgage's validity on remaining properties. It includes sections for identification of parties, property details, and notarization.

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How to do a quitclaim deed in Maine?

The signer requirements for a Maine quitclaim deed without covenant include the need for a Notary Public or an officer of the court to witness the Grantor(s) signatures on the deed. Additionally, the deed must be acknowledged by a notary and filed with the Registry of Deeds in the County where the property is located.

How much does a quitclaim deed cost in Maine?

In Maine, recording a quitclaim deed incurs a fee of $19.00 for the first page and $2.00 for each additional page. If more than four names are indexed, there is an additional charge of $1.00 per name.

What is the statute of discharge of mortgage in Maine?

A mortgage only may be discharged by a written instrument acknowledging the satisfaction thereof and signed and acknowledged by the mortgagee or by the mortgagees duly authorized officer or agent, personal representative or assignee.

What is partial release of property from mortgage?

A partial release in real estate can occur when a lender agrees to release the lien on a portion of a property. Reasons for a partial release include selling a portion of the land and subdividing the land for development.

What is a personal representative deed in Maine?

The personal representatives (PR) deed of distribution for an intestate estate, under 33 M.R.S. 775-3-A, is a fiduciary instrument used to convey real property from an estate to a successor in interest pursuant to Maines laws of descent. The PR deed conveys interest without any implied covenants of title (33 M.R.S.

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What are the disadvantages of a quit claim deed?

0:16 2:25 It might seem like a long time. But remember good things come to those who wait. The first step isMoreIt might seem like a long time. But remember good things come to those who wait. The first step is to prepare the deed. This involves drafting the document. Getting it notarized.

Partial Release of Property From Mortgage by Individual Holder - Maine 2025

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What are the disadvantages of a quit claim deed?

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