A release provides record notice that the mortgagee has been paid in full and no longer claims a lien upon the property.

Question

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A release is filed by the mortgagee (lender) once the mortgage has been fully paid off by the mortgagor (borrower). The release serves as a legal notice that the mortgagee no longer has a claim (lien) on the property. A release is a legal document that releases a mortgage lien from a property. It indicates that the mortgage has been paid in full and the mortgagee no longer has a claim on the property.

A Release Provides Record Notice That the Mortgagee Has Been