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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.

The following states use Deed of Trusts: Alaska, Arizona, California, District of Columbia, Georgia, Mississippi, Missouri, Nevada, North Carolina, and Virginia.

A Satisfaction of Mortgage is issued by the lender after they have received the final mortgage payment from the borrower. It's signed by the mortgagee (in the presence of a witness in some states and counties) and then notarized by a registered notary public.

South Carolina is a race-notice jurisdiction. In 1958 the recording statute was amended to require a subsequent lien creditor without notice to file the instrument evidencing his lien in order to claim under the statute.

Deed: This is the document that proves ownership of a property. It transfers ownership of the property to the grantee, also known as the buyer.Mortgage: This is the document that gives the lender a security interest in the property until the Note is paid in full.

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.

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.

A deed conveys ownership; a deed of trust secures a loan.

Whether you have a deed of trust or a mortgage, they both serve to assure that a loan is repaid, either to a lender or an individual person. A mortgage only involves two parties the borrower and the lender. A deed of trust adds an additional party, a trustee, who holds the home's title until the loan is repaid.

South Carolina Mortgage Satisfaction

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How do you know if your mortgage is satisfied?

Which states are deed of trust states?

Who signs the satisfaction of mortgage?

Is South Carolina a mortgage or deed of trust state?

Is a deed and mortgage the same thing?

How long does it take to get a satisfaction of mortgage?

How do I prepare my mortgage for satisfaction?

Is a deed of trust the same as a deed?

What is the difference between a deed of trust and a mortgage?

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