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Satisfaction of Mortgage Form

Satisfaction of Mortgage Form

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Instructions and help about wisconsin satisfaction of mortgage

what is the significance of recording a satisfaction of mortgage well the significance is it means you paid the thing off and so that's just terrific and so by recording a satisfaction the lender signs it and you put it in the public records that shows that the mortgage is no longer a lien against your property many people talk about taking a name off of a deed or satisfying a mortgage when the official record books operate is you put documents in the official record books and you never take them out and so then you simply file another document to show a change in the chain of title or whenever anyone does a title search so by recording a satisfaction mortgage it shows in the public records there's no longer a lien and they usually state that the debt has been paid in full certainly if you do pay your mortgage off you want to obtain the promissory note and ask that it be paid because it is considered sometimes a negotiable instrument so that's important to have

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