Massachusetts Satisfaction, Release or Cancellation of Mortgage by Corporation

State:
Massachusetts
Control #:
MA-S123
Format:
Word; 
Rich Text
Instant download

Description

This Release - Satisfaction - Cancellation Deed of Trust - by Corporate Lender is for the satisfaction or release of a mortgage for the state of Massachusetts by a Corporation. This form complies with all state statutory laws and requires signing in front of a notary public. The described real estate is therefore released from the mortgage.
Free preview
  • Preview Satisfaction, Release or Cancellation of Mortgage by Corporation
  • Preview Satisfaction, Release or Cancellation of Mortgage by Corporation

How to fill out Massachusetts Satisfaction, Release Or Cancellation Of Mortgage By Corporation?

You are welcome to the greatest legal documents library, US Legal Forms. Here you can find any example such as Massachusetts Satisfaction, Release or Cancellation of Mortgage by Corporation templates and download them (as many of them as you want/need to have). Get ready official papers within a several hours, instead of days or even weeks, without having to spend an arm and a leg with an attorney. Get your state-specific example in a few clicks and feel confident understanding that it was drafted by our accredited attorneys.

If you’re already a subscribed user, just log in to your account and then click Download near the Massachusetts Satisfaction, Release or Cancellation of Mortgage by Corporation you need. Because US Legal Forms is web-based, you’ll generally have access to your saved forms, regardless of the device you’re utilizing. Find them in the My Forms tab.

If you don't have an account yet, what exactly are you waiting for? Check our guidelines listed below to get started:

  1. If this is a state-specific form, check out its applicability in your state.
  2. See the description (if offered) to learn if it’s the correct example.
  3. See much more content with the Preview feature.
  4. If the example matches all your needs, click Buy Now.
  5. To make your account, choose a pricing plan.
  6. Use a card or PayPal account to join.
  7. Download the file in the format you require (Word or PDF).
  8. Print the file and fill it out with your/your business’s information.

Once you’ve filled out the Massachusetts Satisfaction, Release or Cancellation of Mortgage by Corporation, send it to your attorney for verification. It’s an additional step but a necessary one for being sure you’re completely covered. Join US Legal Forms now and get access to a mass amount of reusable samples.

Form popularity

FAQ

Go to the county recorder's office or local courthouse to find recorded mortgages. In states such as California, deeds, liens, mortgage documents and various types of land documents are available for review in the recorder's office.

What is Satisfaction of Mortgage? 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.

In some cases, a mortgage may have been sold by the mortgage lender to another financial institution. If sold, the owner of the mortgage at the time of the final payment is responsible for completing the satisfaction of mortgage documentation.

If a lender takes longer than 90 days to record it, they can be charged up to $1,500 in penalties. So, in theory, a satisfaction should be recorded within 30-90 days of payoff regardless of what state you work in.

Step 1 Identify the parties. The appropriate parties should be documented on the Satisfaction of Mortgage. Step 2 Fill and Sign. The Satisfaction of Mortgage should be signed by the mortgagee, after it has been issued. Step 3 File and Record the Form.

Register the discharge of mortgage Once you return the Discharge Authority form, your bank would prepare a Discharge of Mortgage document. This document must be registered at the Land Titles office.

A Mortgage Release is where you, the homeowner, voluntarily transfer the ownership of your property to the owner of your mortgage in exchange for a release from your mortgage loan and payments.Depending on your situation, you may be required to make a financial contribution to receive a mortgage release.

In most cases, the lien holder (the lender in this case) should send the release to be recorded within 30-90 days. If you aren't sure what the requirements are in your area, reach out to your real estate agent, title agent, or real estate attorney for guidance.

You may contact us at (407) 836-5115 to request a search of your Satisfaction of Mortgage. You may also utilize our web site (www.occompt.com) to see if your Satisfaction has been recorded. Your Satisfaction is recorded under the names of the borrower/mortgagor on the original loan.

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

Massachusetts Satisfaction, Release or Cancellation of Mortgage by Corporation