Submitted by nyatph on Sun, 04/21/2013 - 08:56
Lost Mortgage Satisfaction
Lost Mortgage Satisfaction
Hi, we received a LOST MORTGAGE SATISFACTION in the mail today, what does that mean for us? Does that mean foreclosure next? Please help!
2 Answers
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If the mortgage is satisfied, then it means that you own the property free and clear as the mortgage has been paid off. You can record that document at the county recorder's office.
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You can show the document to a real estate attorney and take his opinion in this regard. Or else, you can even speak to your lender in this matter.