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Does a satisfaction of mortgage need to be notarized?

Therefore, there is compelling need for the notary for a mortgage and related documents which must be recorded (satisfaction of mortgage, release of lien of mortgage, spreader agreement and many others).

How do I get a mortgage satisfaction letter?

You can expect to receive these documents in the mail within about 30 days after paying off your loan. If your loan is secured with real estate, a mortgage satisfaction document will be mailed directly to the Register of Deeds for the county in which the mortgage was filed.

Is satisfaction of mortgage the same as lien release?

Once you finish, your mortgage lender should take steps to prepare a satisfaction of mortgage. From there, they should file it with the correct authorities after its signed and notarized. Even if your original lender sold your loan to a mortgage servicer (or any other company), the process stays the same.

How do I find the satisfaction of my mortgage?

How do you get a Satisfaction of Mortgage? The lender issues a Satisfaction of Mortgage 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 notarized by a registered notary public.

What does a satisfaction of a mortgage mean?

As a result, a mortgage lien release is required to free the title and the borrower from that lien. The release does not erase the lien. Instead, the release is filed as a subsequent and corresponding instrument in the public record. It may also be called a satisfaction or deed reconveyance.

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