Mortgage Discharge Statement
Form reviewed by Bahman Eslamboly, Attorney at FindLegalForms
This Mortgage Discharge Statement will effectively release and discharge a mortgage. The statement sets out all pertinent information including the total amount due on the payoff date. This form is for use in all states and is available for immediate download.
Instant Download
$19.95
Free eSignature included
File types included
- Microsoft Word
- Adobe PDF
- WordPerfect
- Rich Text Format
Compatible with
- Windows
- Mac OS X
- Linux
For Immediate Download
$19.95
Free eSignature included
with every order
Attorney prepared
Our forms are kept up-to-date and accurate by our lawyers
Valid in your state
Our forms are guaranteed to be valid in your state
Over 3,500,000 satisfied customers
Free eSignature
Sign your form online, free with any form purchase
60-Days Money Back
Try our forms with no risk
25+ Years Trusted
Serving customers since 2001
This Mortgage Discharge Statement includes the following:
- Parties and Property: Sets forth the names of the mortgage borrower and lender and a brief description of the mortgaged property;
- Mortgage Payoff Information: Sets forth the principal amount, interest and other charges due on the payoff date;
- Payment Information: The name of the person to whom payment should be made;
- Signature: The mortgagee must sign and date the statement.
Protect your Rights and Property by using our professionally prepared up-to-date forms.
This attorney-prepared packet contains:
- General Instructions
- Mortgage Discharge Statement
Mortgage Discharge Statement
Product Details
| Product | Mortgage Discharge Statement |
| Country | United States |
| Pages | 3 |
| Dimensions | Designed for Letter Size (8.5" x 11") |
| Printer compatibility | Designed to print on all ink-jet and laser printers |
| Editable | Yes (.doc, .wpd and .rtf) |
| Format |
Microsoft Word Adobe PDF WordPerfect Rich Text Format |
| Platform |
Windows Compatible Mac Compatible Linux Compatible |
| Availability | In Stock. Instant Download |
| Usage | Unlimited number of prints |
| Category | Mortgage Agreements, Assignments & Notices |
| Product number | #28990 |
| Download time | Less than 1 minute (approx.) |
| Document Access |
Via secret online address Email with download links Email with attachment upon request |
| Refund Policy | 60 days, no-questions asked, 100% money back guarantee |
Frequently Asked Questions
A Mortgage Discharge Statement is a legal document that formally releases a mortgage lien from a property once the borrower has paid off the mortgage in full. It serves as proof that the lender no longer has a claim on the property.
This statement is essential to confirm that your mortgage has been satisfied. It protects your property rights and is often required for future transactions, such as selling or refinancing your home.
Typically, you can request a Mortgage Discharge Statement from your lender after you have paid off your mortgage. Some lenders may automatically provide this document, while others may require a formal request.
Yes, this form complies with the laws of all states, making it a necessary document for anyone who has paid off their mortgage and wishes to clear the title of their property.
The statement includes the names of the borrower and lender, a description of the property, the total amount paid, and the signature of the mortgagee, confirming the discharge of the mortgage.
If there are multiple mortgages on a property, each lender must provide their own discharge statement. A single discharge statement only applies to the mortgage it references.
Failing to obtain a Mortgage Discharge Statement can lead to complications in proving ownership of your property. It may also hinder your ability to sell or refinance the property in the future.
Some lenders may charge a fee for processing the discharge statement, while others may provide it at no cost. It's best to check with your lender for their specific policies.
Is This Form Right For You?
Use This Form If:
- Individuals who have fully paid off their mortgage may need a Mortgage Discharge Statement to formally document the release of the lien on their property. This statement serves as proof that they own their home free and clear, which is essential for future transactions or refinancing.
- Situations requiring the sale of a property often necessitate a Mortgage Discharge Statement to ensure that the buyer receives clear title. Sellers must provide this document to demonstrate that there are no outstanding mortgage obligations that could affect the sale.
- For those involved in estate planning, a Mortgage Discharge Statement can be crucial when transferring property to heirs. It clarifies that the mortgage has been satisfied, preventing potential disputes over property ownership after the homeowner's passing.
- Real estate professionals may require a Mortgage Discharge Statement when facilitating transactions involving properties with existing mortgages. This ensures that all parties are aware of the mortgage status and that the property can be sold without encumbrances.
- Lenders may request a Mortgage Discharge Statement when a borrower has completed all payments and is seeking to remove the mortgage from public records. This document provides the necessary confirmation to update the title and remove the lender's claim on the property.
Do Not Use If:
- – This form is not appropriate if the mortgage has not been fully paid off. A Mortgage Discharge Statement can only be issued once all financial obligations related to the mortgage have been satisfied.
- – In cases where the property is undergoing foreclosure, a Mortgage Discharge Statement cannot be used. The lender retains the right to the property until the foreclosure process is complete.
- – If there are disputes regarding the mortgage or the property ownership, using this form may not be advisable. Legal resolution of such disputes should occur before attempting to discharge the mortgage.
- – This document is not suitable for properties that are subject to additional liens or encumbrances. A Mortgage Discharge Statement only addresses the specific mortgage it references and does not clear other claims on the property.
- – If the borrower is deceased and the estate has not been probated, a Mortgage Discharge Statement cannot be issued. The estate must first settle any outstanding debts before discharging the mortgage.
Related Forms
Discharge of Mortgage
This Discharge of Mortgage is for use by a mortgage holder when a borrower has paid off a mortgage....
Mortgage Status Statement
A Mortgage Status Statement provides a homeowner with the status of a mortgage. This form is for in...
Notice of Payout of Mortgage
This Notice of Payout of Mortgage is from a borrower to a mortgage lender giving notice that a mortg...
Basic Residential Lease Combo Package (England and Wales)
This Basic Residential Lease Combo Package is designed for England and Wales. This combo package is...
Agency Agreement for Sale of Property - Fixed Commission (Canada)
Agency Agreement for sale of property with fixed commission.
Assignment of Purchase and Sale Agreement (Canada)
Assignment of Agreement of Purchase and Sale by a purchaser of a home.
Looking for something else?
Search our extensive library of legal forms