Maine Satisfaction, Release or Cancellation of Mortgage by Corporation

State:
Maine
Control #:
ME-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 Maine 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 Maine Satisfaction, Release Or Cancellation Of Mortgage By Corporation?

Have any template from 85,000 legal documents including Maine Satisfaction, Release or Cancellation of Mortgage by Corporation on-line with US Legal Forms. Every template is drafted and updated by state-accredited attorneys.

If you have a subscription, log in. When you are on the form’s page, click the Download button and go to My Forms to access it.

If you have not subscribed yet, follow the tips listed below:

  1. Check the state-specific requirements for the Maine Satisfaction, Release or Cancellation of Mortgage by Corporation you need to use.
  2. Read description and preview the template.
  3. As soon as you’re confident the template is what you need, just click Buy Now.
  4. Choose a subscription plan that actually works for your budget.
  5. Create a personal account.
  6. Pay in just one of two appropriate ways: by credit card or via PayPal.
  7. Choose a format to download the document in; two ways are available (PDF or Word).
  8. Download the document to the My Forms tab.
  9. When your reusable template is ready, print it out or save it to your gadget.

With US Legal Forms, you’ll always have instant access to the right downloadable sample. The platform gives you access to documents and divides them into categories to streamline your search. Use US Legal Forms to obtain your Maine Satisfaction, Release or Cancellation of Mortgage by Corporation easy and fast.

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.

In order to clear the title to the real property owned by the mortgagor, the Satisfaction of Mortgage document must be recorded with the County Recorder or Recorder of Deeds. If the mortgagee fails to record a satisfaction within the set time limits, the mortgagee may be responsible for damages set out by statute.

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.

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.

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.

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.

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.

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.

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.

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

Maine Satisfaction, Release or Cancellation of Mortgage by Corporation