Escrow & Title
In Minnesota, when a seller pays off a mortgage at closing, the title company collects a payoff from the seller's proceeds and:
ASends the payoff to the county for filing
BForwards it to the lender who then provides a satisfaction of mortgage to be recorded✓ Correct
CFiles the satisfaction of mortgage directly without lender involvement
DHolds the payoff in escrow for 30 days before releasing it
Explanation
At closing, the title company pays off the seller's mortgage using sale proceeds. The lender then issues a satisfaction of mortgage (discharge) document, which is recorded with the county to release the lien from the title.
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