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Prepared by and Return to: Sumter County Housing Services 319 East Anderson Avenue Bushnell, FL 33513SATISFACTION OF MORTGAGE Sumter County State Housing Initiative Partnership (SHIP) Program KNOW
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How to fill out satisfaction of mortgage with
01
Step 1: Obtain a copy of the satisfaction of mortgage form from your mortgage lender or from your local county clerk's office.
02
Step 2: Fill in the borrower's name, the lender's name, and the date of the mortgage satisfaction.
03
Step 3: Provide the property address and legal description of the property that the mortgage is being satisfied for.
04
Step 4: Indicate the original mortgage amount and the date the mortgage was executed.
05
Step 5: Sign and date the satisfaction of mortgage form in the presence of a notary public.
06
Step 6: Submit the completed form to your mortgage lender or to the county clerk's office for recording and filing.
Who needs satisfaction of mortgage with?
01
Anyone who has paid off their mortgage in full and wants to officially release the lien on their property.
02
Mortgage lenders may also need satisfaction of mortgage forms to release liens on properties once the outstanding loan amount has been repaid.
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What is satisfaction of mortgage with?
Satisfaction of mortgage is a document that confirms that a mortgage has been fully paid off and the lender's lien on the property has been released.
Who is required to file satisfaction of mortgage with?
The lender or the mortgage holder is typically required to file the satisfaction of mortgage with the appropriate government agency.
How to fill out satisfaction of mortgage with?
To fill out a satisfaction of mortgage, you will need to include information such as the property address, the name of the borrower, the name of the lender, the original loan amount, the date of the mortgage, and the date the mortgage was satisfied.
What is the purpose of satisfaction of mortgage with?
The purpose of satisfaction of mortgage is to officially release the lien on the property, indicating that the mortgage has been fully paid off.
What information must be reported on satisfaction of mortgage with?
The satisfaction of mortgage must include details such as the property address, borrower's name, lender's name, original loan amount, mortgage date, and satisfaction date.
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