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If the correction is substantial regarding the parties or the property you need to record a fully executed corrective mortgage. If the correction is minor such as the spelling of a name or a date, a scrivener's affidavit can be recorded reciting the correct spelling or date. You need to contact the lender or the attorney who represented you at your closing.

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โˆ™ 2010-07-08 11:37:42
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Q: How do you correct a recorded mortgage?
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What happens to your mortgage payments and paper work?

Your payments go to the entity that owns the mortgage. The mortgage document is recorded in the land records. The lender keeps the note until the mortgage is paid. In some states such as Connecticut, the note is recorded as well. The mortgagor is given a copy of all the document associated with the mortgage.Your payments go to the entity that owns the mortgage. The mortgage document is recorded in the land records. The lender keeps the note until the mortgage is paid. In some states such as Connecticut, the note is recorded as well. The mortgagor is given a copy of all the document associated with the mortgage.Your payments go to the entity that owns the mortgage. The mortgage document is recorded in the land records. The lender keeps the note until the mortgage is paid. In some states such as Connecticut, the note is recorded as well. The mortgagor is given a copy of all the document associated with the mortgage.Your payments go to the entity that owns the mortgage. The mortgage document is recorded in the land records. The lender keeps the note until the mortgage is paid. In some states such as Connecticut, the note is recorded as well. The mortgagor is given a copy of all the document associated with the mortgage.


Where do you pay discharge of mortgage fee?

If the mortgage has been paid and you receive a discharge from the mortgage holder, it must be recorded in the place where deeds are recorded and the filing fee paid there.


Does satisfaction of mortgage mean clear deed?

Yes. The discharge must be from the correct party (the bank who is the present owner of record of the mortgage) and must be recorded in the land records. It must state that the mortgage has been satisfied or some other language to that effect.


What is an unreleased mortgage?

An unreleased mortgage is a mortgage against a property that has been recorded in the land records for which no discharge has been recorded. In other words, it is still an outstanding lien against the property. The property cannot be sold until the mortgage is discharged.An unreleased mortgage is a mortgage against a property that has been recorded in the land records for which no discharge has been recorded. In other words, it is still an outstanding lien against the property. The property cannot be sold until the mortgage is discharged.An unreleased mortgage is a mortgage against a property that has been recorded in the land records for which no discharge has been recorded. In other words, it is still an outstanding lien against the property. The property cannot be sold until the mortgage is discharged.An unreleased mortgage is a mortgage against a property that has been recorded in the land records for which no discharge has been recorded. In other words, it is still an outstanding lien against the property. The property cannot be sold until the mortgage is discharged.


Why would a mortgage release be on public record file?

A mortgage is a lien on the property that is recorded in the land records to notify other creditors or buyers that the property has been put up as collateral for a loan. When the mortgage is paid off the lien must be released by a mortgage discharge recorded in the land records.A mortgage is a lien on the property that is recorded in the land records to notify other creditors or buyers that the property has been put up as collateral for a loan. When the mortgage is paid off the lien must be released by a mortgage discharge recorded in the land records.A mortgage is a lien on the property that is recorded in the land records to notify other creditors or buyers that the property has been put up as collateral for a loan. When the mortgage is paid off the lien must be released by a mortgage discharge recorded in the land records.A mortgage is a lien on the property that is recorded in the land records to notify other creditors or buyers that the property has been put up as collateral for a loan. When the mortgage is paid off the lien must be released by a mortgage discharge recorded in the land records.


What is discharge of mortgage?

A mortgage grants an interest in the real estate to the lender. Once it is paid in full, a mortgage discharge must be recorded in the land records. A recorded mortgage discharge certifies that the mortgage has been satisfied and releases the interest of the lender in the property and thereby clears the title.


Whether simple mortgage deed is compulsorily registrable?

If you are asking if a mortgage deed must be recorded in the land records the answer is yes. Any encumbrance that affects the real estate must be recorded to protect the interests of the mortgagee. If a creditor recorded a lien on the property and the mortgage had not been recorded the mortgagee would lose their priority and the creditor that recorded the lien would take priority.


Can the same 2nd mortgage be recorded on two properties?

Yes, A mortgage can cover multiple properties.


How Do you discharge a mortgage?

If you are the mortgagor, you pay the mortgage off and request a discharge from the record owner of the mortgage if the original mortgage was assigned. The discharge must be recorded in the land records.If you are the mortgagee you can draft a release listing the names of the mortgagors, the date of the mortgage and the recording information and a statement that the mortgage has been satisfied in full. It should be signed by the mortgagees, acknowledged and recorded in the land records. You can also obtain a mortgage discharge at an office supply store, online or visit the land records office and get an example of a recorded mortgage discharge to use as a model.If you are the mortgagor, you pay the mortgage off and request a discharge from the record owner of the mortgage if the original mortgage was assigned. The discharge must be recorded in the land records.If you are the mortgagee you can draft a release listing the names of the mortgagors, the date of the mortgage and the recording information and a statement that the mortgage has been satisfied in full. It should be signed by the mortgagees, acknowledged and recorded in the land records. You can also obtain a mortgage discharge at an office supply store, online or visit the land records office and get an example of a recorded mortgage discharge to use as a model.If you are the mortgagor, you pay the mortgage off and request a discharge from the record owner of the mortgage if the original mortgage was assigned. The discharge must be recorded in the land records.If you are the mortgagee you can draft a release listing the names of the mortgagors, the date of the mortgage and the recording information and a statement that the mortgage has been satisfied in full. It should be signed by the mortgagees, acknowledged and recorded in the land records. You can also obtain a mortgage discharge at an office supply store, online or visit the land records office and get an example of a recorded mortgage discharge to use as a model.If you are the mortgagor, you pay the mortgage off and request a discharge from the record owner of the mortgage if the original mortgage was assigned. The discharge must be recorded in the land records.If you are the mortgagee you can draft a release listing the names of the mortgagors, the date of the mortgage and the recording information and a statement that the mortgage has been satisfied in full. It should be signed by the mortgagees, acknowledged and recorded in the land records. You can also obtain a mortgage discharge at an office supply store, online or visit the land records office and get an example of a recorded mortgage discharge to use as a model.


Can you foreclose a mortgage with a copy of the note?

No. You can only foreclose a mortgage if you own it as evidenced by documentation that was recorded in the land records.No. You can only foreclose a mortgage if you own it as evidenced by documentation that was recorded in the land records.No. You can only foreclose a mortgage if you own it as evidenced by documentation that was recorded in the land records.No. You can only foreclose a mortgage if you own it as evidenced by documentation that was recorded in the land records.


How do you find a recorded mortgaGE?

You would find a recorded mortgage in the land records where the affected land is located. You can look under the owner's name and under the address for the property.


Distinguish between senior mortgage and junior mortgage?

The only difference between a senior and a junior mortgages is the timing of when they are recorded. In rare circumstances, in the cases when a mortgage that was intended to be a second or junior mortgage is recorded first at the county recorders office, the mortgagee that was supposed to be recorded first has to get written permission from the other mortgage company to subordinate their position. Often times, this happen only when a monetary consideration is extended in return.


What is a recorded mortgage?

If you want some cheap and profitable mortgage I suggest you to look at dreamlifemortgages.com


What if the subordinate mortgage is recorded prior to the first lien?

The subordinated mortgage is usually recorded prior to the mortgage that is to take first place. That is the reason for the subordination.Suppose you granted a mortgage to Fleet Bank in 2001. That mortgage is not yet paid off and you applied for a new mortgage to Wells Fargo. The Wells Fargo mortgage is approved but Wells Fargo will require that the Fleet mortgage be subordinated because it was recorded first and will take precedence in the event of a foreclosure unless it is subordinated and Wells Fargo is allowed to take first place.The subordinated mortgage is usually recorded prior to the mortgage that is to take first place. That is the reason for the subordination.Suppose you granted a mortgage to Fleet Bank in 2001. That mortgage is not yet paid off and you applied for a new mortgage to Wells Fargo. The Wells Fargo mortgage is approved but Wells Fargo will require that the Fleet mortgage be subordinated because it was recorded first and will take precedence in the event of a foreclosure unless it is subordinated and Wells Fargo is allowed to take first place.The subordinated mortgage is usually recorded prior to the mortgage that is to take first place. That is the reason for the subordination.Suppose you granted a mortgage to Fleet Bank in 2001. That mortgage is not yet paid off and you applied for a new mortgage to Wells Fargo. The Wells Fargo mortgage is approved but Wells Fargo will require that the Fleet mortgage be subordinated because it was recorded first and will take precedence in the event of a foreclosure unless it is subordinated and Wells Fargo is allowed to take first place.The subordinated mortgage is usually recorded prior to the mortgage that is to take first place. That is the reason for the subordination.Suppose you granted a mortgage to Fleet Bank in 2001. That mortgage is not yet paid off and you applied for a new mortgage to Wells Fargo. The Wells Fargo mortgage is approved but Wells Fargo will require that the Fleet mortgage be subordinated because it was recorded first and will take precedence in the event of a foreclosure unless it is subordinated and Wells Fargo is allowed to take first place.


What can a lender do when the second mortgage is not paid in full due to foreclosure?

Assuming that the FIRST mortgage was foreclosed, a foreclosure wipes out any mortgages that were recorded after the foreclosed mortgage.


Is it possible for a first lien mortgage to be recorded in second lien position?

The only possibility I can think of is that one could have an unrecorded first mortgage or deed of trust. The second mortgage or deed of trust, if recorded, would be the first of record, and legally considered to be the first.


Does a homeowner have to agree to a bank selling their mortgage to another bank?

No. The bank owns the mortgage and can assign its interest in and rights under the mortgage to another entity. However, the assignee cannot change the terms of the mortgage and the assignment must be recorded in the land records so the holder by assignment can be identified.No. The bank owns the mortgage and can assign its interest in and rights under the mortgage to another entity. However, the assignee cannot change the terms of the mortgage and the assignment must be recorded in the land records so the holder by assignment can be identified.No. The bank owns the mortgage and can assign its interest in and rights under the mortgage to another entity. However, the assignee cannot change the terms of the mortgage and the assignment must be recorded in the land records so the holder by assignment can be identified.No. The bank owns the mortgage and can assign its interest in and rights under the mortgage to another entity. However, the assignee cannot change the terms of the mortgage and the assignment must be recorded in the land records so the holder by assignment can be identified.


What does it mean that the mortgage company released the lien on your property?

It means that the lender recorded a notice in the land records that the mortgage has been paid. That notice releases the property from the mortgage lien.


Definition of recorded investment in mortgage loan?

What OCC means when they refer to "recorded investment" in the nonaccrual loans regulations.


How do you find out if a mortgage has been paid?

You can visit the land records office, look up the mortgage and see if a discharge has been recorded.


What are some types of mortgage fraud?

There are many types of mortgage fraud. One of the most common is not putting correct information on the mortgage application such as current income.


What is the lowest US mortgage interest rate ever recorded?

2.93%


When is a mortgage canceled?

When it is paid off and a discharge is recorded in the land records.


How can one obtain a 125 second mortgage in the US?

One can obtain a 125 second mortgage by visiting several websites and filling in the correct information. These websites include BD Nationwide Mortgage, Second Mortgage Outlet, and 125-Second-Mortgage.


How binding is a second mortgage made through individuals and not a mortgage company?

If the mortgage is recorded at the county recorders office, it's just the same. Why, are you trying to get out of a promise that you made to pay back a loan?