Escrow & Title
A Mississippi 'satisfaction of mortgage' (or 'release of deed of trust') is recorded to:
ATransfer ownership to the buyer
BExtinguish the mortgage lien from the public record after the loan is paid in full✓ Correct
CBegin the foreclosure process
DAssign the mortgage to another lender
Explanation
When a mortgage or deed of trust is fully paid off, the lender (or trustee in a deed of trust) issues and records a satisfaction/release document that extinguishes the lien from the title, providing evidence the debt is satisfied.
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