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.
Massachusetts Authority to Release of Deed of Trust is a legal document that grants the authority to release a deed of trust, also known as a mortgage lien, on a property located in the state of Massachusetts. This document is typically signed by the beneficiary or the lender, who holds the mortgage, and allows them to discharge the mortgage lien when the underlying loan has been paid off or fulfilled. In Massachusetts, there are a few different types of Authority to Release of Deed of Trust, including: 1. Full Release of Deed of Trust: This type of release is executed when the borrower has completely paid off the mortgage loan, thereby releasing the property from any liens or encumbrances. Once recorded with the appropriate registry of deeds, this document officially clears the title to the property. 2. Partial Release of Deed of Trust: Sometimes, a property securing multiple loans may have one loan paid down or paid off, allowing for a partial release of the deed of trust. This type of release releases a portion of the property from the mortgage lien while leaving the rest still encumbered. 3. Subordination Agreement: In some cases, a property may have multiple mortgages or loans against it. A subordination agreement is used to change the priority of these mortgages. Massachusetts Authority to Release of Deed of Trust can also include a subordination agreement when the lender agrees to release their claim to a subordinate position. The Massachusetts Authority to Release of Deed of Trust must comply with the laws and regulations outlined by the state to be legally effective. It requires precise information, such as the name of the borrower, lender, property description, mortgage reference, and relevant dates. The document needs to be signed and notarized to ensure its validity and recorded with the appropriate registry of deeds to provide notice to interested parties. Acquiring and properly executing an Authority to Release of Deed of Trust is crucial to transfer or clear title to a property. It is advisable to consult with legal professionals or experienced real estate agents in Massachusetts to ensure compliance with state regulations and to handle the release of a deed of trust accurately.
