Satisfaction Of Mortgage Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Satisfaction Of Mortgage, written in plain English, along with examples of how it is used.

What is Satisfaction Of Mortgage?

(n) Satisfaction of mortgage is the document acknowledging the settlement of dues in a mortgage loan thereby clearing the title of the property which was mortgaged to him. This document is required to be recorded with the county recorder or recorder of deeds to clear the title of the property.