Delaware Satisfaction of Mortgage by a Corporation

State:
Multi-State
Control #:
US-01498BG
Format:
Word; 
Rich Text
Instant download

Description

Most states have statutes that provide that a mortgage or deed of trust may be discharged in the county land records by the recorder of deeds. Generally these statutes proved that a certificate must be filed with said recorder and executed by the mortgagee or on its behalf and acknowledged as prescribed by law. The certificate must specify that the mortgage has been paid or otherwise satisfied or discharged, and should make a reference to the book and page containing the original mortgage or deed of trust.


This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

Free preview
  • Preview Satisfaction of Mortgage by a Corporation
  • Preview Satisfaction of Mortgage by a Corporation
  • Preview Satisfaction of Mortgage by a Corporation

How to fill out Satisfaction Of Mortgage By A Corporation?

Are you within a place where you need paperwork for possibly enterprise or person reasons just about every working day? There are a lot of authorized papers templates available on the net, but locating kinds you can depend on is not easy. US Legal Forms delivers a huge number of kind templates, such as the Delaware Satisfaction of Mortgage by a Corporation, which are published to satisfy state and federal demands.

If you are presently informed about US Legal Forms website and possess an account, merely log in. Following that, you are able to down load the Delaware Satisfaction of Mortgage by a Corporation design.

If you do not come with an account and want to begin to use US Legal Forms, follow these steps:

  1. Discover the kind you want and make sure it is for the right metropolis/region.
  2. Use the Review option to examine the form.
  3. Browse the description to actually have chosen the proper kind.
  4. If the kind is not what you are looking for, utilize the Research industry to discover the kind that meets your requirements and demands.
  5. Whenever you get the right kind, just click Buy now.
  6. Pick the costs strategy you need, fill out the required information and facts to produce your account, and purchase your order utilizing your PayPal or Visa or Mastercard.
  7. Choose a practical file formatting and down load your version.

Locate each of the papers templates you may have purchased in the My Forms food selection. You can obtain a extra version of Delaware Satisfaction of Mortgage by a Corporation anytime, if needed. Just click on the needed kind to down load or print out the papers design.

Use US Legal Forms, one of the most comprehensive selection of authorized varieties, to save lots of time as well as steer clear of errors. The assistance delivers skillfully created authorized papers templates which you can use for a range of reasons. Create an account on US Legal Forms and begin generating your way of life easier.

Form popularity

FAQ

Satisfaction of Mortgage Timeline However, it generally takes around 30 days and most states give lenders fewer than 90 days to complete the document. The first step requires a written acknowledgment. Your lender will need to document that you made your final payment, completing your repayment period.

Where there are two or more mortgages secured on a property, the order in which the lenders are entitled to be repaid when the property has to be sold. The priority is a concern where there are insufficient funds to repay all of the lenders in full.

(3) If the mortgage lender does not satisfy the net worth requirements within 120 days, the license of the mortgage lender shall be deemed to be relinquished and canceled and all servicing contracts shall be disposed of in a timely manner by the mortgage lender.

The general rule is that the satisfaction must be in proper written format and recorded to provide notice of the satisfaction. If the lender fails to record a satisfaction within set time limits, the lender may be responsible for damages set by statute for failure to timely cancel the lien.

Suppose a mortgage lender fails to record a Satisfaction of Mortgage document within 60 days from the final payment date. In that case, you can file a lawsuit against the mortgagee. Contact a local law firm to speak with an intake specialist about your legal options.

A satisfaction of mortgage, also known as release, cancellation or discharge of mortgage, is a type of legal document that proves you paid your mortgage in full. As a result, it also certifies that the property's title is clear of any liens.

A satisfaction of mortgage is a document that proves the borrower has paid off the mortgage in full, freeing the loan's lien on the property and giving the title to the borrower.

A satisfaction of mortgage is a document that proves the borrower has paid off the mortgage in full, freeing the loan's lien on the property and giving the title to the borrower.

Trusted and secure by over 3 million people of the world’s leading companies

Delaware Satisfaction of Mortgage by a Corporation