[DOWNLOAD] "Why Mortgagors can't Get No Satisfaction. (Symposium: A Festschrift in Honor of Dale A. Whitman)" by Missouri Law Review * Book PDF Kindle ePub Free

June 17, 2021

eBook details

Title: Why Mortgagors can't Get No Satisfaction. (Symposium: A Festschrift in Honor of Dale A. Whitman)
Author : Missouri Law Review
Release Date : January 22, 2007
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 407 KB

Description

I. INTRODUCTION Full payment of a mortgage loan--whether at the loan's originally scheduled maturity or (more commonly) by prepayment upon a sale or refinancing--legally extinguishes the mortgage lien. But while such a mortgage lien is no longer legally effective, its extinguished status does not appear automatically on the public records. Until the mortgage is "cleared" from the record--typically by means of a recorded document called a satisfaction, release, discharge, or cancellation, depending on local practice--a searcher could reasonably conclude that the mortgage may affect title to the land.