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To ensure that you officially release the specific mortgage that has been paid off or satisfied, a discharge of mortgage, or "release of mortgage" will require the following informtion:
Original mortgage information
Original lender
Date
Original principal amount
Recording information (County, and book/page or Document No#)
Borrower's name
Property Addresss
The release of mortgage needs to be signed by the current mortgage holder of record.
The person signing the release needs to have the discharge executed in front of a Notary Public.
What else can I help you with?
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.
Which document represents the borrowers promise to repay the loan?
Mortgage
What is a mortgage assigned?
A mortgage assignment is a legal document whereby a lender transfers all its rights under a note and mortgage to another lender. The property owner continues to make their payments to the new owner of that mortgage.
What exactly meant by mortgage in the banking terminology?
The mortgage is the document that says the loan is secured by the property and if not paid the bank has the right to take the property.
Where can I obtain a copy of my mortgage note?
You can obtain a copy of your mortgage note from your lender or loan servicer. Contact them directly to request a copy of the document.
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.
Is a mortgage valid if a notary never saw us sign it but just notarized the documents the next day when we gave it to him?
As far as the lender is concerned the mortgage document is legal. If your signatures are on that document, you have assumed responsibility for the mortgage. If you are contesting the validity of the document because of the notary's action, I don't think it will fly unless you want to claim that the signatures are not yours. And you don't want to do that. As long as you have willingly signed, the mortgage document will be good.
Where can we get more information on prequalified mortgage leads?
A prequalified mortgage lead is when you fill out a short questionaire, about your information on getting a loan, before you actually fill out the original application itself.
Do you have to seek approval from first mortgage for a second mortgage?
You should review your first mortgage document for any requirement that the lender must be notified before you execute a second mortgage. If there is no clause to that effect then the answer is no.
Which document represents the borrowers promise to repay the loan?
Mortgage
What is a mortgage assigned?
A mortgage assignment is a legal document whereby a lender transfers all its rights under a note and mortgage to another lender. The property owner continues to make their payments to the new owner of that mortgage.
What exactly meant by mortgage in the banking terminology?
The mortgage is the document that says the loan is secured by the property and if not paid the bank has the right to take the property.
Does a rider to a Deed of Trust or Mortgage replace the Deed of Trust or Mortgage?
No. A rider adds to the document, and perhaps changes some of the original provisions.
Where can I obtain a copy of my mortgage note?
You can obtain a copy of your mortgage note from your lender or loan servicer. Contact them directly to request a copy of the document.
Is quity release the same in UK and USA?
Equity release in the UK includes either a lifetime mortgage or a reverse mortgage. Equity release in the US is available through a reverse mortgage.
In New York state how do you do a correction mortgage?
In New York State, to perform a correction mortgage, you must prepare a correction mortgage document that specifies the errors in the original mortgage. This document should clearly outline the corrected information and be signed by the original mortgagor and mortgagee. After execution, the correction mortgage must be recorded with the county clerk's office where the original mortgage was filed. It is advisable to consult with a real estate attorney to ensure compliance with all legal requirements.
How do you fill in the blanks when notarizing documents?
A notary will fill in the date the document in question is notarized, the date of his or her expiration and the county and state in which they operate. They will sign after the document is signed in their presence.
