answersLogoWhite

0


Best Answer

A discharge of mortgage officially recognizes that your loan has been paid off. Once you receive such document, if you get the original, it should be filed with the County/District Registry of Deeds for where the property was located.

Only upon recording of the discharge of mortgage will it be officially released.

If the discharge is not recorded, any title exam will indicate the mortgage remains outstanding.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is discharge of mortgage for corporation?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Finance

What is the symbol for Capstead Mortgage Corporation in the NYSE?

The symbol for Capstead Mortgage Corporation in the NYSE is: CMO.


Where to get the form for mortgage discharge?

Traditionally the mortgage provider will have the mortgage discharge forms. Contact the home retention department for information and they usually have the information needed.


Who does the mortgage appraisals for PHH mortgage corporation?

STARS.


How Do you discharge a mortgage?

If you are the mortgagor, you pay the mortgage off and request a discharge from the record owner of the mortgage if the original mortgage was assigned. The discharge must be recorded in the land records.If you are the mortgagee you can draft a release listing the names of the mortgagors, the date of the mortgage and the recording information and a statement that the mortgage has been satisfied in full. It should be signed by the mortgagees, acknowledged and recorded in the land records. You can also obtain a mortgage discharge at an office supply store, online or visit the land records office and get an example of a recorded mortgage discharge to use as a model.If you are the mortgagor, you pay the mortgage off and request a discharge from the record owner of the mortgage if the original mortgage was assigned. The discharge must be recorded in the land records.If you are the mortgagee you can draft a release listing the names of the mortgagors, the date of the mortgage and the recording information and a statement that the mortgage has been satisfied in full. It should be signed by the mortgagees, acknowledged and recorded in the land records. You can also obtain a mortgage discharge at an office supply store, online or visit the land records office and get an example of a recorded mortgage discharge to use as a model.If you are the mortgagor, you pay the mortgage off and request a discharge from the record owner of the mortgage if the original mortgage was assigned. The discharge must be recorded in the land records.If you are the mortgagee you can draft a release listing the names of the mortgagors, the date of the mortgage and the recording information and a statement that the mortgage has been satisfied in full. It should be signed by the mortgagees, acknowledged and recorded in the land records. You can also obtain a mortgage discharge at an office supply store, online or visit the land records office and get an example of a recorded mortgage discharge to use as a model.If you are the mortgagor, you pay the mortgage off and request a discharge from the record owner of the mortgage if the original mortgage was assigned. The discharge must be recorded in the land records.If you are the mortgagee you can draft a release listing the names of the mortgagors, the date of the mortgage and the recording information and a statement that the mortgage has been satisfied in full. It should be signed by the mortgagees, acknowledged and recorded in the land records. You can also obtain a mortgage discharge at an office supply store, online or visit the land records office and get an example of a recorded mortgage discharge to use as a model.


Can a corporation assume a residential mortgage?

Type your answer here... No, if the business is a corporation.

Related questions

When was Carteret Mortgage Corporation created?

Carteret Mortgage Corporation was created in 1995.


How do you correct and accidental discharge of mortgage?

If you are referring to accidentally recording a discharge of mortgage, and you did NOT intend on releasing the mortgage...the solution is to re-record the mortgage with the registry of deeds. If the discharge was properly signed and executed, then it is legally valid and you can not defend it in legal proceedings. Your loan is no longer attached to the properly upon properly releasing the mortgage with a mortgage discharge.


When was Mortgage Guaranty Insurance Corporation created?

Mortgage Guaranty Insurance Corporation was created in 1957.


When was Anworth Mortgage Asset Corporation created?

Anworth Mortgage Asset Corporation was created in 1998.


What is the symbol for Stonegate Mortgage Corporation in the NYSE?

The symbol for Stonegate Mortgage Corporation in the NYSE is: SGM.


What is the symbol for Capstead Mortgage Corporation in the NYSE?

The symbol for Capstead Mortgage Corporation in the NYSE is: CMO.


Where to get the form for mortgage discharge?

Traditionally the mortgage provider will have the mortgage discharge forms. Contact the home retention department for information and they usually have the information needed.


What is discharge of mortgage?

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.


Who does the mortgage appraisals for PHH mortgage corporation?

STARS.


Who owns wachovia mortgage corporation?

Wachovia Mortgage Corporation is a subsidiary of Wells Fargo Bank, N.A.


In what year did Stonegate Mortgage Corporation - SGM - have its IPO?

Stonegate Mortgage Corporation (SGM)had its IPO in 2013.


How Do you discharge a mortgage?

If you are the mortgagor, you pay the mortgage off and request a discharge from the record owner of the mortgage if the original mortgage was assigned. The discharge must be recorded in the land records.If you are the mortgagee you can draft a release listing the names of the mortgagors, the date of the mortgage and the recording information and a statement that the mortgage has been satisfied in full. It should be signed by the mortgagees, acknowledged and recorded in the land records. You can also obtain a mortgage discharge at an office supply store, online or visit the land records office and get an example of a recorded mortgage discharge to use as a model.If you are the mortgagor, you pay the mortgage off and request a discharge from the record owner of the mortgage if the original mortgage was assigned. The discharge must be recorded in the land records.If you are the mortgagee you can draft a release listing the names of the mortgagors, the date of the mortgage and the recording information and a statement that the mortgage has been satisfied in full. It should be signed by the mortgagees, acknowledged and recorded in the land records. You can also obtain a mortgage discharge at an office supply store, online or visit the land records office and get an example of a recorded mortgage discharge to use as a model.If you are the mortgagor, you pay the mortgage off and request a discharge from the record owner of the mortgage if the original mortgage was assigned. The discharge must be recorded in the land records.If you are the mortgagee you can draft a release listing the names of the mortgagors, the date of the mortgage and the recording information and a statement that the mortgage has been satisfied in full. It should be signed by the mortgagees, acknowledged and recorded in the land records. You can also obtain a mortgage discharge at an office supply store, online or visit the land records office and get an example of a recorded mortgage discharge to use as a model.If you are the mortgagor, you pay the mortgage off and request a discharge from the record owner of the mortgage if the original mortgage was assigned. The discharge must be recorded in the land records.If you are the mortgagee you can draft a release listing the names of the mortgagors, the date of the mortgage and the recording information and a statement that the mortgage has been satisfied in full. It should be signed by the mortgagees, acknowledged and recorded in the land records. You can also obtain a mortgage discharge at an office supply store, online or visit the land records office and get an example of a recorded mortgage discharge to use as a model.