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Satisfaction of Mortgage

 
Banking Dictionary: Satisfaction of Mortgage

Document releasing a Mortgage lien, indicating the borrower has paid the debt in full. Also known as a discharge of mortgage or mortgage release. The release of lien is also noted in public land records.

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Banking Dictionary. Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved.  Read more
Real Estate Dictionary. Dictionary of Real Estate Terms. Copyright © 2004 by Barron's Educational Series, Inc. All rights reserved.  Read more