This form is an Authority to Release. The county clerk is authorized and requested to release from a deed of trust a parcel of land to the executor of the estate. The form must be signed in the presence of a notary public.
Florida Authority to Release of Deed of Trust is a legal document that grants permission to a lender or beneficiary to release a deed of trust or mortgage on a property located in the state of Florida. This document ensures that the borrower has fulfilled their financial obligations and that there are no outstanding debts or liens on the property. The Authority to Release of Deed of Trust confirms the release of the lien, thereby clearing the property title. The Florida Authority to Release of Deed of Trust is typically used when a borrower in Florida has successfully paid off their mortgage or loan. This document is usually executed by the lender or mortgagee and is recorded with the Clerk of the Court in the county where the property is located. It is crucial to have this document recorded to provide evidence of the release of the lien and to protect the title owner's interest in the property. There are several types of Florida Authority to Release of Deed of Trust, depending on the situation and the parties involved: 1. Partial Release: This type of release is executed when a portion of the mortgage or lien is paid off. It removes the lien on a specific portion of the property while keeping the lien intact on the remaining portion. 2. Full Release: A full release is issued when the entire mortgage or lien has been paid off and satisfied. It completely eliminates the lien from the property, giving the owner a clear and unencumbered title. 3. Subordination Agreement: This agreement allows a subsequent mortgage or lien to take priority over an existing mortgage or lien. It is often used when refinancing a property or when obtaining a home equity loan, where a new mortgage will be placed on the property, requiring the existing mortgage or lien to be subordinated. 4. Re conveyance: A reconveyance is a release of the deed of trust by the trustee, confirming the borrower's repayment of the loan. It transfers the legal title back to the borrower and extinguishes the lender's interest in the property. In conclusion, the Florida Authority to Release of Deed of Trust is an essential document in the real estate industry, ensuring the release of a mortgage or lien on a property located in Florida. Depending on the circumstances, there are various types of releases, including partial releases, full releases, subordination agreements, and reconveyances, each serving a specific purpose to protect the interests of the parties involved.
