Escrow & Title
What is a 'release of mortgage' (satisfaction of mortgage) in Delaware?
AA document transferring the mortgage to a new lender
BA recorded document executed by the lender confirming the mortgage has been fully paid off and releasing the lien on the property — required to clear the mortgage from the title record✓ Correct
CA government form releasing the borrower from mortgage liability
DA document releasing the mortgage company from future liability
Explanation
A release of mortgage (also called a satisfaction of mortgage or mortgage discharge) is executed by the lender when the loan is paid in full. It is recorded in the county land records to remove the mortgage lien from the property's title. Delaware sellers must ensure their mortgage is paid off and released at closing so the buyer receives clear title.
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