Get Discharge Authority Letter Of Instruction Surrendering Deeds

The fact that your mortgage debt has been discharged means the lender can never sue you to collect money to pay the loan. The lien still remains and the lender can still foreclose on it.

A mortgage discharge is a signed document from the lender indicating that the mortgage contract has been fulfilled. Discharging the mortgage ends the lender's legal claim to your property.

When your mortgage is paid off you need to clear the title of the property by discharging the mortgage. This is done by recording a document at the Registry of Deeds usually called a “Discharge of Mortgage or a Satisfaction of Mortgage”.

What is a Mortgage Release? A Mortgage Release is where you, the homeowner, voluntarily transfer the ownership of your property to the owner of your mortgage in exchange for a release from your mortgage loan and payments.

A formal deed of release follows the mortgage discharge letter, although sometimes it takes several weeks for this document to come through. The release is similar to a quitclaim deed. By signing it, the lender transfer all its rights and interest in the property back to the borrower.

The fact that your mortgage debt has been discharged means the lender can never sue you to collect money to pay the loan. The lien still remains and the lender can still foreclose on it.

A discharge authority form is used to release the security (e.g. property or cash security) you've provided for a home loan.

In order to make public notification that you have paid your mortgage off, you need to bring the original Discharge of Mortgage provided by the bank to the Registry of Deeds along with either cash or a check in the amount of $105.00. The Registry will record the Discharge and return it to you immediately.