Maine Letter Tendering Payment in Order to Obtain Release of Mortgaged Premises

State:
Multi-State
Control #:
US-00937BG
Format:
Word; 
Rich Text
Instant download

Description

This is a generic sample of a letter tendering payment of the remaining balance of a loan secured by a mortgage on real property with a request that the mortgagee forward a release to the mortgagor to be filed in the appropriate land records showing that the mortgage has be satisfied and is no longer a lien on the subject property.

How to fill out Letter Tendering Payment In Order To Obtain Release Of Mortgaged Premises?

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FAQ

In Maine, all lien claimants without a contract directly with the property owner must file their lien claim (called a Notice of Lien) in the registry of deeds for the county in which the property is located within 90 days of the date of last furnishing labor or materials for the project.

In Maine, all lien claimants without a contract directly with the property owner must file their lien claim (called a Notice of Lien) in the registry of deeds for the county in which the property is located within 90 days of the date of last furnishing labor or materials for the project.

Process to enforce a judgment for the payment of money shall be a writ of execution, unless the court directs otherwise. No execution running against the body shall be issued unless, where the law expressly permits such execution, it is so ordered by the court after motion and hearing for good cause shown.

When judgment for the plaintiff (lender) is entered, a 90-day "period of redemption" begins unless an appeal is filed. This means the homeowner has 90 days to pay the full amount of the judgment to "redeem" (save) the property. The homeowner can stay in the home during this period.

In Maine, a mechanics lien must be filed within 90 days of the date when you last furnished labor or services to a project. Note that general contractors are allowed to enforce a mechanics lien in court without first filing a lien with the Registry of Deeds.

This form advises the party that a lien will be filed if payment is not received within 10 days. Since this is a non required document, you can deliver it electronically, or via mail.

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Maine Letter Tendering Payment in Order to Obtain Release of Mortgaged Premises