Nebraska 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
  • Preview Satisfaction of Mortgage by a Corporation

How to fill out Satisfaction Of Mortgage By A Corporation?

It is possible to devote time on the web attempting to find the lawful papers format that suits the state and federal demands you require. US Legal Forms supplies a huge number of lawful kinds which can be evaluated by professionals. You can easily obtain or print the Nebraska Satisfaction of Mortgage by a Corporation from our service.

If you already possess a US Legal Forms profile, you are able to log in and click on the Acquire switch. Afterward, you are able to complete, change, print, or indication the Nebraska Satisfaction of Mortgage by a Corporation. Every single lawful papers format you acquire is your own property eternally. To have an additional copy for any bought kind, visit the My Forms tab and click on the related switch.

Should you use the US Legal Forms web site for the first time, stick to the basic recommendations below:

  • Initial, be sure that you have selected the proper papers format for that county/area of your liking. See the kind explanation to make sure you have picked out the correct kind. If readily available, use the Review switch to appear throughout the papers format as well.
  • If you would like discover an additional version in the kind, use the Look for field to discover the format that suits you and demands.
  • When you have found the format you want, simply click Buy now to carry on.
  • Pick the pricing strategy you want, key in your credentials, and sign up for a free account on US Legal Forms.
  • Total the purchase. You should use your bank card or PayPal profile to cover the lawful kind.
  • Pick the formatting in the papers and obtain it to your system.
  • Make alterations to your papers if needed. It is possible to complete, change and indication and print Nebraska Satisfaction of Mortgage by a Corporation.

Acquire and print a huge number of papers web templates making use of the US Legal Forms website, which provides the most important variety of lawful kinds. Use professional and condition-specific web templates to take on your company or specific requirements.

Form popularity

FAQ

(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.

Satisfaction of Mortgage Timeline However, it generally takes around 30 days and most states give lenders fewer than 90 days to complete the document. The first step requires a written acknowledgment. Your lender will need to document that you made your final payment, completing your repayment period.

The general rule is that the satisfaction must be in proper written format and recorded to provide notice of the satisfaction. If the lender fails to record a satisfaction within set time limits, the lender may be responsible for damages set by statute for failure to timely cancel the lien.

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.

Sample Satisfaction of Mortgage That Mortgagee hereby acknowledges full payment and satisfaction of the Mortgage, does hereby surrender the Mortgage as cancelled, releases the property from the lien of the Mortgage, and directs the Clerk of the Circuit Court in and for , to cancel the same record.

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.

Mortgage States and Deed of Trust States StateMortgage StateDeed of Trust StateMississippiYMissouriYMontanaYYNebraskaY47 more rows

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

Nebraska Satisfaction of Mortgage by a Corporation