Massachusetts 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

How to fill out Satisfaction Of Mortgage By A Corporation?

Are you presently within a position that you will need documents for both company or personal functions virtually every working day? There are a lot of legal file layouts available on the net, but discovering versions you can trust isn`t effortless. US Legal Forms delivers 1000s of develop layouts, such as the Massachusetts Satisfaction of Mortgage by a Corporation, which are created to meet federal and state demands.

Should you be currently acquainted with US Legal Forms site and have your account, just log in. Following that, you can down load the Massachusetts Satisfaction of Mortgage by a Corporation format.

If you do not have an accounts and wish to start using US Legal Forms, follow these steps:

  1. Obtain the develop you will need and ensure it is for your right city/county.
  2. Use the Preview option to analyze the form.
  3. Read the explanation to actually have chosen the correct develop.
  4. When the develop isn`t what you`re searching for, make use of the Look for field to find the develop that meets your needs and demands.
  5. Once you find the right develop, just click Get now.
  6. Opt for the pricing strategy you need, submit the desired information to create your bank account, and pay money for the order utilizing your PayPal or charge card.
  7. Select a practical document format and down load your copy.

Find all of the file layouts you might have bought in the My Forms food selection. You can obtain a more copy of Massachusetts Satisfaction of Mortgage by a Corporation whenever, if required. Just click the necessary develop to down load or print out the file format.

Use US Legal Forms, probably the most extensive assortment of legal kinds, to conserve efforts and prevent faults. The support delivers professionally created legal file layouts that can be used for a variety of functions. Produce your account on US Legal Forms and initiate creating your lifestyle a little easier.

Form popularity

FAQ

Primary tabs. 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.

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.

If your lender fails to execute and record a satisfaction of mortgage within the mandated 60-day period, you can file a lawsuit that seeks a court order that either: Directs the lender to execute a satisfaction of mortgage. Extinguishes the lien against the property.

Mortgage States and Deed of Trust States StateMortgage StateDeed of Trust StateMassachusettsYMichiganYYMinnesotaYMississippiY47 more rows

A mortgage discharge is a signed document from the lender indicating that the mortgage contract has been fulfilled. Discharging the mortgage ends the lender's legal claim to your property.

What is a Satisfaction of Mortgage? A Satisfaction of Mortgage, sometimes called a release of mortgage, is a document that acknowledges that the terms of a Mortgage Agreement have been satisfied, meaning that a borrower has repaid their mortgage loan to the lender.

The obsolete mortgage statute is designed to help remove old mortgages from land titles. It sets a term of 35 years from the mortgage recording date if the mortgage has no term or maturity date, or five years from the end of any stated term or maturity date.

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

Massachusetts Satisfaction of Mortgage by a Corporation