SC Lien Satisfaction Form 2017-2025 free printable template

South Carolina Department of Natural Resources(Rev 2/17)Lien Satisfaction Form Lien holders Name Lien holders Address CityStateZip Code Date of Seamount of Landowners Homeowners Address CityStateZip

How to fill out lien satisfaction form

How to fill out SC Lien Satisfaction Form

1. Obtain the SC Lien Satisfaction Form from the appropriate state or county office.
2. Fill in the name of the lienholder in the designated section.
3. Provide the name of the property owner and any additional required contact information.
4. Include the details of the lien, such as the lien amount and date of the original lien.
5. Note the property description, including the address and any other identifying information.
6. Sign and date the form, ensuring that it is done by the authorized representative of the lienholder.
7. Submit the completed form to the appropriate government office to officially record the satisfaction of the lien.

Who needs SC Lien Satisfaction Form?

1. Property owners who have paid off their debts and need to clear the lien from their property.
2. Lienholders, such as banks or financial institutions, who must provide documentation that the lien has been satisfied.
3. Title companies and real estate professionals who require proof of lien satisfaction during property transactions.

People Also Ask about

What is a satisfaction letter?

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 the difference between mortgage release and satisfaction?

What is a Satisfaction of Mortgage? A Satisfaction of Mortgage, sometimes called a release of mortgage, is a document that acknowledges that the terms of a Mortgage Agreement have been satisfied, meaning that a borrower has repaid their mortgage loan to the lender.

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 the difference between satisfaction and release of lien?

Yet the lender generally has two choices. Lenders can either: 1) Release the lien and declare the debt paid and settled in full (called a "full release and satisfaction") or 2) Release the lien only from the property and still consider you personally liable for any unpaid balance of the loan ("lien release only").

How do I record a satisfaction of my mortgage?

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).

Is satisfaction of mortgage the same as lien release?

A Satisfaction of Mortgage, also known as a Mortgage Lien Release, is a legal document provided by the mortgagee (financial institution) advising that the mortgage has been paid in full, all terms of the loan have been satisfied and there will no longer be a lien on the property.

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What is SC Lien Satisfaction Form?

The SC Lien Satisfaction Form is a legal document used to formally acknowledge the satisfaction of a lien in the state of South Carolina.

Who is required to file SC Lien Satisfaction Form?

The lien holder or creditor is required to file the SC Lien Satisfaction Form once the debt secured by the lien has been paid or satisfied.

How to fill out SC Lien Satisfaction Form?

To fill out the SC Lien Satisfaction Form, provide the necessary details about the lien, including the names of the parties involved, the date the lien was originally filed, and indicate that the lien is satisfied.

What is the purpose of SC Lien Satisfaction Form?

The purpose of the SC Lien Satisfaction Form is to legally release the lien from the property, which confirms that the debt has been paid and that the debtor's credit is restored.

What information must be reported on SC Lien Satisfaction Form?

The SC Lien Satisfaction Form must report details such as the lien number, the date the lien was recorded, the names of the debtor and the lien holder, and a statement indicating that the lien has been satisfied.