Massachusetts Complaint to Compel Mortgagee to Execute and Record Satisfaction and Discharge of Mortgage

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US-02785BG
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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.

A Massachusetts Complaint to Compel Mortgagee to Execute and Record Satisfaction and Discharge of Mortgage is a legal document filed by a borrower or property owner in Massachusetts who has fully paid off their mortgage but the mortgagee (lender) has failed to execute and record a satisfaction and discharge of the mortgage. This complaint is used to legally compel the mortgagee to fulfill their obligation and officially release the mortgage lien from the property. Keywords: Massachusetts, Complaint, Compel, Mortgagee, Execute, Record, Satisfaction, Discharge, Mortgage, borrower, property owner, legal document, fully paid off, lender, satisfaction and discharge, lien. Different types of Massachusetts Complaint to Compel Mortgagee to Execute and Record Satisfaction and Discharge of Mortgage may include: 1. Residential Property Complaint: This type of complaint may be used by residential property owners who have fully paid off their mortgage and want to compel the mortgagee to execute and record a satisfaction and discharge of the mortgage on their property. 2. Commercial Property Complaint: This type of complaint is applicable to commercial property owners who have satisfied their mortgage but need to legally compel the mortgagee to execute and record a satisfaction and discharge of the mortgage on their commercial property. 3. Land/Plot Complaint: If a landowner has paid off their mortgage in Massachusetts, they may file a land or plot-specific complaint to ensure the mortgagee executes and records the satisfaction and discharge of the mortgage, thus removing the lien from the specific piece of land. 4. Residential Condominium Complaint: Condominium owners who have fully paid off their mortgage can file this type of complaint to compel the mortgagee to execute and record a satisfaction and discharge of the mortgage specific to their residential condominium unit. It's important to consult with a legal professional or attorney to correctly identify and draft the specific type of Massachusetts Complaint to Compel Mortgagee to Execute and Record Satisfaction and Discharge of Mortgage that applies to your situation.

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(3) If the mortgage lender does not satisfy the net worth requirements within 120 days, the license of the mortgage lender shall be deemed to be relinquished and canceled and all servicing contracts shall be disposed of in a timely manner by the mortgage lender.

In order to make public notification that you have paid your mortgage off, you need to bring the original Discharge of Mortgage provided by the bank to the Registry of Deeds along with either cash or a check in the amount of $105.00. The Registry will record the Discharge and return it to you immediately.

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.

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 Mortgagee fails to satisfy of record, he is liable for damages, including attorney fees, if 20 days written notice is given by Mortgagor prior to suit. Acknowledgment: An assignment or satisfaction must contain a proper New Jersey acknowledgment, or other acknowledgment approved by Statute.

If the satisfaction isn't recorded within a minimum of 60 days, they may incur penalties and be held liable for damages and attorney's fees.

(a)(1) A mortgagee, mortgage servicer or note holder who receives full payment and satisfaction of the conditions of a mortgage shall, within 45 days of receipt of payment, (i) cause to be recorded a duly executed and acknowledged discharge that conforms with subsection (b) and provide to the closing attorney, ...

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May 9, 2018 — Chapter 183, Section 55 requires the lender to discharge the mortgage within 45 days of receipt of full payment of the loan by (i) recording an ... (a)(1) A mortgagee, mortgage servicer or note holder who receives full payment and satisfaction of the conditions of a mortgage shall, within 45 days of receipt ...Dec 13, 2022 — property, and recording mortgage discharges that are not executed by one of the officers listed in G.L. c. 183, § 54B. 66. MV's mortgage ... How to fill out Satisfaction Mortgage Form? · Make use of the Preview function and look at the form description (if available) to ensure that it is the right ... If, after an execution on a judgment for possession has been levied, the amount due on the mortgage and costs are paid in full, the mortgagee, his executor, ... When your mortgage is paid off you need to clear the title of the property by discharging the mortgage. This is done by recording a document at the Registry ... Jan 1, 2017 — both of the parties, the owner shall execute and file or record a notice of termination in the appropriate registry of deeds. In such a case ... by AM White · 2012 · Cited by 63 — I conclude by outlining options for reforming the mortgage loan transfer system, including the use of a single document merging the note and mortgage, and a ... Dec 9, 2002 — Applicability. This act shall apply to every mortgage on real property in this Commonwealth which has not been satisfied prior to the effective ... Record of proceedings; county where real estate lies. § 3360. Contracts, inadequacy of consideration or better offer; brokers' commissions. Subchapter D.

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Massachusetts Complaint to Compel Mortgagee to Execute and Record Satisfaction and Discharge of Mortgage