Security Instruments in Pennsylvania
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Revision as of 05:49, 8 January 2020 by Davidjenkins (talk | contribs) (Created page with "==Overview== ===Sources=== ===Compliance=== ===Forms=== ===Search=== ===Examination=== ===Underwriting=== ===Recording=== ===Pricing=== * Preparation * Recording * Tax...")
Contents
Overview
Sources
Compliance
Forms
Search
Examination
Underwriting
Recording
Pricing
- Preparation
- Recording
- Taxes
Types
Content
Duration
Execution Requirements
Satisfaction
Security Instruments in Pennsylvania are satisfied by recording a document which typically titled as a Satisfaction or Satisfaction Piece. In prior decades, security instruments were satisfied by a stamp and signature from a representative of the lender coming into the land records office and physically stamping and signing that a security instrument was paid in full in the margin of the first page of the recorded mortgage. Many lenders will accidentally recorded a Release of Mortgage instead of a Satisfaction when a mortgage has been paid in full.
Trustees
Pennsylvania only uses mortgage and not deeds of trust, so no trustee is required on any security instruments.
