An agreement that creates an interest in real property as security for an obligation, such as the payment of a note, and that is to cease upon the performance of the obligation, is called a mortgage. The person whose interest in the property is given as security is the mortgagor. The person who receives the security is the mortgagee (e.g., lender). A release, deed of reconveyance, deed of release, or authority to cancel is used by a mortgagee to renounce a claim upon a person's real property subject to the mortgage.
Connecticut Letter Tendering Final Payment of Amount Due Pursuant to a Promissory Note Secured by a Mortgage in Order to Obtain a Release of the Mortgaged Premises
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How to fill out Letter Tendering Final Payment Of Amount Due Pursuant To A Promissory Note Secured By A Mortgage In Order To Obtain A Release Of The Mortgaged Premises?
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A promissory note is a document between the lender and the borrower in which the borrower promises to pay back the lender, it is a separate contract from the mortgage. The mortgage is a legal document that ties or "secures" a piece of real estate to an obligation to repay money.
49-9a. Validation of release of mortgage. Affidavit.
Your promissory note, which is your promise to repay the mortgage loan to your lender. The mortgage, also known as the security instrument or deed of trust. By signing this document, you agree that the lender may foreclose on your home if you fail to repay your mortgage.
Ancient Mortgage - CGS 49-13a ? cites that a mortgage is invalid 20 years after a stated maturity date or 40 years after date of recording of mortgage if no due date is set forth in the mortgage. An affidavit must be recorded signed by owner of the property alleging these facts.
Section 49-8 - Release of satisfied or partially satisfied mortgage or ineffective attachment, lis pendens or lien. Damages.
Section 49-2a - Interest on funds held in escrow for payment of taxes and insurance, Conn. Gen. Stat. § 49-2a | Casetext Search + Citator.
Section 49-37 - Dissolution of mechanic's lien by substitution of bond. Joinder of actions on claim and bond.
