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Name: Fillable Online Deed of Partial Release - Buncombe County - Enka Intermediate School property 20152018 LOBs (2023) Fax Email Print - pdfFiller
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Drawn by and Return to: Rebecca B. Joyner, Esq. Parker Poe Adams & Bernstein LLP 301 Fayetteville Street, Suite 1400 Raleigh, NC 27601 STATE OF NORTH CAROLINA DEED OF PARTIAL RELEASE BUNCOMBE COUNTY

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How to fill out deed of partial release

01

Obtain the original deed of trust or mortgage document that needs to be partially released.

02

Identify the specific portion of the property that is being released, including legal description and parcel number if available.

03

Draft a new deed of partial release document that clearly states the partial release of the specified portion of the property.

04

Have all parties involved in the original deed of trust or mortgage sign the new deed of partial release.

05

Notarize the new deed of partial release document to make it legally binding.

06

Record the new deed of partial release document with the county recorder's office where the original deed was recorded.

07

Provide a copy of the recorded deed of partial release to all parties involved for their records.

Who needs deed of partial release?

01

Property owners who have paid off a portion of their mortgage and want to release that portion of the property as collateral.

02

Lenders who want to release a specific portion of the property from the original deed of trust or mortgage.

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What is deed of partial release?

A deed of partial release is a legal document that releases a portion of a property secured by a mortgage or deed of trust, thereby allowing the owner to retain ownership of the remaining property while discharging the lien on the released portion.

Who is required to file deed of partial release?

The borrower or property owner is typically required to file a deed of partial release to formally document the release of a portion of the property from a mortgage or lien.

How to fill out deed of partial release?

To fill out a deed of partial release, include details such as the names of the parties, a description of the property being released, reference to the original mortgage, and the signature of the lender or mortgagee.

What is the purpose of deed of partial release?

The purpose of a deed of partial release is to legally free a specific portion of property from a mortgage or lien, allowing the property owner to sell or utilize that portion while still maintaining a lien on the remainder.

What information must be reported on deed of partial release?

Information that must be reported includes the names of the borrower and lender, property description, details of the original mortgage, and a clear statement indicating which portion of the property is being released.

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