What is discharge of mortgage?

Answer:
A mortgage grants an interest in the real estate to the lender. Once it is paid in full, a mortgage discharge must be recorded in the land records. A recorded mortgage discharge certifies that the mortgage has been satisfied and releases the interest of the lender in the property and thereby clears the title.
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First answer by Kluss. Last edit by Kluss. Contributor trust: 696 [recommend contributor recommended]. Question popularity: 23 [recommend question].

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