Pennsylvania 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?

US Legal Forms - one of many greatest libraries of authorized varieties in the United States - gives an array of authorized papers themes it is possible to down load or printing. Utilizing the internet site, you can get a huge number of varieties for enterprise and individual functions, categorized by groups, states, or search phrases.You can find the most recent variations of varieties just like the Pennsylvania Satisfaction of Mortgage by a Corporation in seconds.

If you have a membership, log in and down load Pennsylvania Satisfaction of Mortgage by a Corporation from the US Legal Forms local library. The Down load option will appear on each and every type you perspective. You gain access to all in the past saved varieties within the My Forms tab of the bank account.

If you want to use US Legal Forms for the first time, here are simple guidelines to get you began:

  • Ensure you have picked the correct type to your metropolis/region. Go through the Review option to review the form`s content. Look at the type outline to actually have selected the right type.
  • If the type doesn`t fit your specifications, make use of the Search discipline on top of the monitor to obtain the one who does.
  • Should you be satisfied with the shape, affirm your selection by visiting the Purchase now option. Then, pick the pricing strategy you like and offer your credentials to sign up to have an bank account.
  • Approach the purchase. Make use of Visa or Mastercard or PayPal bank account to accomplish the purchase.
  • Select the structure and down load the shape on your own gadget.
  • Make alterations. Fill up, edit and printing and indicator the saved Pennsylvania Satisfaction of Mortgage by a Corporation.

Each and every design you included with your account does not have an expiry day and it is your own property permanently. So, in order to down load or printing yet another backup, just go to the My Forms section and click on in the type you require.

Obtain access to the Pennsylvania Satisfaction of Mortgage by a Corporation with US Legal Forms, by far the most comprehensive local library of authorized papers themes. Use a huge number of skilled and status-distinct themes that satisfy your organization or individual requirements and specifications.

Form popularity

FAQ

Deeds of trust are the most common instrument used in the financing of real estate purchases in Alaska, Arizona, California, Colorado, the District of Columbia, Idaho, Maryland, Mississippi, Missouri, Montana, Nebraska, Nevada, North Carolina, Oregon, Tennessee, Texas, Utah, Virginia, Washington, and West Virginia, ...

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.

In general, however, Pennsylvania is considered to follow the lien theory of mortgages.

Focusing on this geographical region, the Deed of Trust is the preferred or required security instrument for real property in the following states: Maryland, North Carolina, Tennessee, Virginia and West Virginia. Mortgages are used in Kentucky, Ohio and Pennsylvania.

A Deed to Trust form used to transfer the grantor's title and interest in real property in Pennsylvania to a trustee of a trust for the grantor's benefit. This standard document allows the drafter to choose between warranty and quitclaim deed language.

A mortgage involves only two parties: the borrower and the lender. A deed of trust has a borrower, lender and a ?trustee.? The trustee is a neutral third party that holds the title to a property until the loan is completely paid off by the borrower.

Not all states recognize a Trust Deed. Use a Mortgage Deed if you live in: Connecticut, Delaware, Florida, Indiana, Iowa, Kansas, Louisiana, New Jersey, New York, North Dakota, Ohio, Oklahoma, Pennsylvania, South Carolina, Vermont, or Wisconsin.

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.

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

Pennsylvania Satisfaction of Mortgage by a Corporation