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Who can create a satisfaction of mortgage document?

In: Loans, Mortgages, Property Law, Commercial Property, Money Management [Edit categories]

Answer:

Only the person or lender who owned the mortgage can discharge it.

In Massachusetts, if a mortgage discharge has not been provided by the mortgagee within a reasonable period of time, or when the mortgagee is no longer in business, there is a statutory scheme by which proof of payment in full can be recorded with an affidavit. You should speak to someone at your state attorney general's office or a private attorney if you are having difficulty obtaining a discharge for a paid mortgage.

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First answer by Kluss. Last edit by Kluss. Contributor trust: 692 [recommend contributor ]. Question popularity: 1 [recommend question].

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