PA Mortgage Satisfaction Piece - Lancaster free printable template

Prepared by/Return to MORTGAGE SATISFACTION PIECE Made this day of 20. Name of Borrower/Mortgagor s Name of Lender/Mortgagee s Date of Mortgage Original Mortgage Debt Mortgage recorded on in the office of the Recorder of Deeds of Lancaster County Pennsylvania in Book Page or as Instrument Last Assignment of Mortgage recorded by on in the office of the Recorder of Deeds of Lancaster County Pennsylvania in Book Page or as Instrument. Mortgaged Premises The undersigned hereby certifies that the...

How to fill out mortgage satisfaction lancaster form

How to fill out PA Mortgage Satisfaction Piece - Lancaster County

1. Obtain the PA Mortgage Satisfaction Piece form, which can be found on the Lancaster County government website or in your local county office.
2. Fill in the borrower's name and address as it appears on the original mortgage documents.
3. Include the lender's name and address, ensuring that the information is accurate.
4. Reference the original mortgage by including the date it was executed and the mortgage identification number, if available.
5. Indicate that the mortgage has been paid in full and specify the date of satisfaction.
6. Sign the form as the lender or their authorized representative and include the title of the signer.
7. Have the form notarized to authenticate the signature.
8. Submit the completed and notarized PA Mortgage Satisfaction Piece to the Lancaster County Recorder of Deeds office for official recording.

Who needs PA Mortgage Satisfaction Piece - Lancaster County?

1. Homeowners who have paid off their mortgage and need to formally document the satisfaction of that mortgage.
2. Lenders or mortgage companies wishing to release the claim on a property once the mortgage has been paid in full.
3. Title companies that require a record of mortgage satisfaction for transactions related to property ownership transfers.

People Also Ask about pa satisfaction lancaster

What is a letter of satisfaction mortgage?

A satisfaction of mortgage is a document that proves the borrower has paid off the mortgage in full, freeing the loan's lien on the property and giving the title to the borrower.

What is a satisfaction of mortgage document?

A satisfaction of mortgage is a document that proves the borrower has paid off the mortgage in full, freeing the loan's lien on the property and giving the title to the borrower.

What is satisfaction of mortgage in Pennsylvania?

A satisfaction of mortgage (also called a satisfaction piece) for commercial real property used in Pennsylvania for a mortgage has been paid in full or otherwise satisfied and recorded in the county where the mortgaged property is located.

How do you write a satisfaction of a mortgage?

In addition the following information should be included: The Payee Name. The Owner(s) of the mortgage holder. Total amount of mortgage. Mortgage date of execution. Full and legal description of the property to include tax parcel number. Acknowledgement that all payments have been made in full.

What is an example of a mortgage satisfaction?

Sample Satisfaction of Mortgage That Mortgagee hereby acknowledges full payment and satisfaction of the Mortgage, does hereby surrender the Mortgage as cancelled, releases the property from the lien of the Mortgage, and directs the Clerk of the Circuit Court in and for , to cancel the same record.

What is recorded on a satisfaction of the mortgage document?

Your Satisfaction is recorded under the names of the borrower/mortgagor on the original loan. If your Mortgage was an assumed loan, the Satisfaction will list names of the original borrower(s)/mortgagor(s)–not the current borrower(s)/mortgagor(s).

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What is PA Mortgage Satisfaction Piece - Lancaster County?

The PA Mortgage Satisfaction Piece for Lancaster County is a legal document that confirms the satisfaction of a mortgage, indicating that the loan has been fully paid off by the borrower.

Who is required to file PA Mortgage Satisfaction Piece - Lancaster County?

The lender or mortgage holder is required to file the PA Mortgage Satisfaction Piece once the mortgage has been paid off.

How to fill out PA Mortgage Satisfaction Piece - Lancaster County?

To fill out the PA Mortgage Satisfaction Piece, you need to provide details such as the original mortgage document number, the names of the parties involved, the property description, and a notarized signature of the lender or authorized representative.

What is the purpose of PA Mortgage Satisfaction Piece - Lancaster County?

The purpose of the PA Mortgage Satisfaction Piece is to formally notify the public and relevant authorities that a mortgage has been paid in full, thus releasing the claim the lender had on the property.

What information must be reported on PA Mortgage Satisfaction Piece - Lancaster County?

The information that must be reported includes the mortgage document number, borrower and lender names, property description, date of satisfaction, and the signature of the lender or their authorized representative.