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The official version of this document is generated by the Wisdom READS system. SATISFACTION OF MORTGAGE Wisconsin Department of Transportation RE1550 04/2015 Ch. 32 Wis. Stats. The undersigned releases
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What is satisfaction of mortgage?
Satisfaction of mortgage is a document that confirms the repayment of a mortgage loan in full, releasing the borrower from any further obligations.
Who is required to file satisfaction of mortgage?
The lender or their designated representative is typically responsible for filing the satisfaction of mortgage.
How to fill out satisfaction of mortgage?
To fill out a satisfaction of mortgage, you will need to provide information such as the names of the borrower and lender, the original mortgage amount, the date the mortgage was recorded, and the legal description of the property.
What is the purpose of satisfaction of mortgage?
The purpose of satisfaction of mortgage is to legally release the borrower from the mortgage debt, allowing them to have clear title to the property.
What information must be reported on satisfaction of mortgage?
The satisfaction of mortgage must include details such as the names of the parties involved, the original loan amount, the recording information of the mortgage, and a notary signature.
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