Release Mortgage Kentucky Form

State:
Kentucky
Control #:
KY-P034-PKG
Format:
Word; 
Rich Text
Instant download

Description

With this Satisfaction, Cancellation or Release of Mortgage Package,you will find the forms and letters necessary for the satisfaction or release of a mortgage for the state of Kentucky. The described real estate is therefore released from the mortgage.



Included in your package are the following forms:



1. Satisfaction, Release or Cancellation of a Deed of Trust by a Corporation;

2. Satisfaction, Release or Cancellation of a Deed of Trust by an Individual;

3. Letter of Notice to Borrower of Status of Mortgage;

4. Letter to Recording Office for Recording Satisfaction of a Mortgage
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  • Preview Kentucky Satisfaction, Cancellation or Release of Mortgage Package
  • Preview Kentucky Satisfaction, Cancellation or Release of Mortgage Package
  • Preview Kentucky Satisfaction, Cancellation or Release of Mortgage Package
  • Preview Kentucky Satisfaction, Cancellation or Release of Mortgage Package

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FAQ

But there are differences between these two documents and how they affect you when you pay off your loan. When you pay off your loan and you have a mortgage, the lender will send you or the local recorder of deeds or office that handles the filing of real estate documents a release of mortgage.

A release deed would typically be executed at a time when your home loan provider grants you a legal certificate that you have fully paid your loan and the lender is freeing the collateral submitted as a security against the loan. An individual can also give up his right in a property through this instrument.

A release assignment or satisfaction of mortgage form is a document stating that the lender has released the homeowner from all liability regarding her mortgage. The release assignment must be recorded at the local land office in order to be valid.

Once you've paid off your outstanding mortgage debt, the lender must prepare and issue a release of mortgage. This document officially discharges you from the debt obligation and removes the lien against the property.

A Satisfaction of Mortgage, also known as a Mortgage Lien Release, is a legal document provided by the mortgagee (financial institution) advising that the mortgage has been paid in full, all terms of the loan have been satisfied and there will no longer be a lien on the property.

Interesting Questions

More info

If you had a loan at a failed bank which you paid off and the bank's lien on your property was not released, we may be able to help. The lender will also notify the Department of Motor Vehicles (DMV) that the loan has been paid in full.To apply, submit a Loan Discharge Application: Total and Permanent Disability form. Get free access to the complete judgment in PLANTERS BANK, N.A. v.

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Release Mortgage Kentucky Form