Wake North Carolina Acknowledgment of Satisfaction for Corporation

State:
North Carolina
County:
Wake
Control #:
NC-02A-09
Format:
Word; 
Rich Text
Instant download

Description

North Carolina statutes set out several methods with which a lien may be discharged. One of these methods allows a lien claimant to sign and acknowledge the satisfaction of the lien in the presence of a clerk of the superior court.


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How to fill out North Carolina Acknowledgment Of Satisfaction For Corporation?

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FAQ

Another name for satisfaction of mortgage is 'release of mortgage.' This document acts as proof that the borrower has fulfilled their obligation to the lender and has cleared the mortgage debt. When dealing with the Wake North Carolina Acknowledgment of Satisfaction for Corporation, it's important to ensure that this documentation is correctly filed to avoid any future complications regarding your property.

Satisfaction of security instrument means that a borrower's obligation has been fulfilled, and the lender's claim on the collateral is released. This process removes any claims against the asset, allowing the borrower to regain full control. For corporations in Wake, North Carolina, employing a Wake North Carolina Acknowledgment of Satisfaction for Corporation can simplify and formalize this important step in the business process.

Satisfaction of security interest refers to the process of releasing a lien or mortgage on an asset once the associated debt is settled. This action is vital for restoring the freedom to use the asset without restrictions. Corporations in Wake, North Carolina, can streamline this process using a Wake North Carolina Acknowledgment of Satisfaction for Corporation to document the satisfaction officially.

To look at a deed you can: Go to your Register of Deeds Office and look at the document there. Find your Register of Deeds in: Your phone book under county government. The NC Directory of State and County Officials:Look it up online. Many counties have their real property (land) records online. Go to the county website.

Deeds of trust and mortgages are a means of securing the payment of a debt or performance of an obligation. The debt may be established by promissory note, bond or other instrument. In North Carolina, a deed of trust or mortgage acts as a conveyance of the real estate.

A deed of trust is satisfied when the debt it secures is paid or when the obligation it secures is fulfilled. A deed of trust is no longer a lien on the property if the debt or obligation it secures has been satisfied but it will remain a cloud on title until removed from the chain of title.

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.

The Register of Deeds Office issues marriage licenses and supplies copies of birth and death certificates in Wake County. The General Statutes of North Carolina govern the Register of Deeds Office which has the responsibility of protecting the integrity, completeness, accuracy and safekeeping of these public records.

A deed of trust is satisfied when the debt it secures is paid or when the obligation it secures is fulfilled. A deed of trust is no longer a lien on the property if the debt or obligation it secures has been satisfied but it will remain a cloud on title until removed from the chain of title.

A satisfaction of mortgage is a signed document confirming that the borrower has paid off the mortgage in full and that the mortgage is no longer a lien on the property.

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Wake North Carolina Acknowledgment of Satisfaction for Corporation