Property Ownership
A Pennsylvania homeowner who has paid off their mortgage but the satisfaction of mortgage has not been recorded should:
ADo nothing since the loan is paid
BObtain the recorded satisfaction of mortgage from the lender and confirm it was properly filed✓ Correct
CContact PREC to clear the lien
DAutomatically receive a clear title from the lender
Explanation
Even after paying off a mortgage, Pennsylvania homeowners should confirm that a satisfaction of mortgage (release of lien) has been recorded at the county recorder's office. An unrecorded payoff leaves the lien on the public record, creating title issues when the property is sold or refinanced.
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