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Texas is a title theory state, where a lender holds the title to a borrower's property in a Deed of Trust.

Texas is one of the few states that is a “deed of trust” state. While many people take out a mortgage to purchase real estate, which is a loan borrowed from a bank to finance the purchase of a home, in most states, there are only two parties named on this legal document – the lender (bank) and the borrower (homeowner).

A Satisfaction of Mortgage is issued by the lender after they have received the final mortgage payment from the borrower. It's signed by the mortgagee (in the presence of a witness in some states and counties) and then notarized by a registered notary public.

In Texas, when the borrower's obligations under the deed of trust are fully satisfied, the lien of the deed of trust is discharged by recording a release of lien (release). A release must be recorded with the county recorder for the deed of trust to be discharged from the public records.

Deeds of trusts are frequently used in Texas in real estate transactions to create an agreement such as a mortgage.

A Satisfaction of Mortgage and a Deed of Reconveyance are essentially the same thing.

There are a variety of deeds that are recognized in Texas, but the four most common deeds seen are general warranty deeds, special warranty deeds, no warranty deeds, and quitclaims. If you need a deed drafted or have any questions regarding these deeds or any other real property conveyance tools, please contact us.

In Alabama, Arizona, Arkansas, Illinois, Kentucky, Maryland, Michigan, Montana and South Dakota, the lender has the choice of either a mortgage or deed of trust. In any other state, you must have a mortgage.

A satisfaction of mortgage is a document serving as evidence that you've paid off your mortgage in full, releasing the lien associated with the loan from your property and transferring the title to you.

A satisfaction of mortgage is a document serving as evidence that you've paid off your mortgage in full, releasing the lien associated with the loan from your property and transferring the title to you. This document typically includes: Borrower and lender contact information. Loan and property information.