Most states have statutes that provide that a mortgage or deed of trust may be partially discharged or released 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.
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.
Florida Partial Release or Satisfaction of Mortgage by a Corporation is a legal process in which a corporation releases or satisfies a portion of a mortgage on a property located in the state of Florida. This action is typically taken when the original mortgage agreement allows for partial release of the property. In regard to different types of Florida Partial Release or Satisfaction of Mortgage by a Corporation, there are two primary variations: 1. Voluntary Partial Release or Satisfaction: This type occurs when a corporation voluntarily chooses to release or satisfy a specific portion of the mortgage on a property. It could happen due to the property owner making a partial payment towards the mortgage or when the corporation agrees to release a portion of the property due to a modification in the loan agreement. 2. Involuntary Partial Release or Satisfaction: This type of release occurs when a corporation is legally compelled by a court or other authority to release or satisfy a portion of the mortgage on a property. This could happen when the property owner successfully demonstrates that a specific portion of the mortgage has been fully paid off or when there is a legal dispute over ownership or rights to a section of the property. It is important to note that Florida Partial Release or Satisfaction of Mortgage by a Corporation involves proper legal documentation and is usually facilitated through the filing of appropriate forms with the county clerk or recorder's office where the property is located. The corporation must provide detailed information about the mortgage, including the property address, mortgage amount, the specific portion to be released or satisfied, and any supporting documentation to substantiate the request. Keywords: Florida, Partial Release, Satisfaction, Mortgage, Corporation, Voluntary, Involuntary, Legal Process, Property, Loan Agreement, Modification, Payment, Court, Authority, County Clerk, Recorder's Office.
