Not exact matches
For a traditional
mortgage, the
lien on the property will be
released once the
mortgage is repaid.
At the end of the plan, the unpaid balance would be discharged and the second
mortgage lien would be
released.
Your county will record the
lien release (a document stating your
mortgage is paid in full) after we notify and send them all applicable documents.
If a title search indicates that the
mortgage lien hasn't been
released, your lender may not have yet filed, doesn't intend to file because you still owe money, or it will not file the
lien release on your behalf — you must do it.
It may be known by any of the following names: Certificate of Satisfaction, Satisfaction of
Mortgage,
Mortgage Cancellation, Cancellation of Deed of Trust, Reconveyance, Deed of Reconveyance, Discharge of
Mortgage,
Release of
Lien or
Release of
Mortgage.
A
mortgage lien can't be
released until you have zeroed out the account.
Typically, this means that home equity lenders must agree to
release or subordinate their
liens to the new refinance
mortgage.
However, a completed Satisfaction of
Mortgage is required to
release the
lien and obtain the title.
completed its acquisition of Bank of America's (BOA)
lien release business, and BOA's employees now are part of First American's
Mortgage Solutions division.
Find
mortgage,
lien,
release, deed, notice of default, conveyance, lis pendens, bankruptcy and judgment records for land, commercial and residential real estate throughout the United States, Guam and the U.S. Virgin Islands.
Increases maximum incentive to subordinate
mortgage holder (s) to $ 8500 in exchange for a
lien release and full
release of borrower liability.
The main challenge that is presented on reverse
mortgage transactions are old
liens or encumbrances that have been paid - in - full but were never
released of record in the county records.