Legal Question in Business Law in Florida

Re: Satisfaction of Mortgage

Use our step-by-step tutorials to draft a lawsuit and mail it to them, explaining that unless you get your satisfaction within 10 days you will file the suit and proceed against them.

Jurisdictionary.com

Re: Satisfaction of Mortgage

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Pursuant to Florida Statute 701.04, a lender must satisfy a mortgage within 60 days of payoff. The Statute states "Within 60

days of the date of receipt of the full payment of the mortgage, lien, or judgment, the person required to acknowledge satisfaction of the mortgage, lien, or judgment shall send or cause to be sent the recorded satisfaction to the person who has made the full payment. In the case of a civil action arising out of the provisions of this section, the prevailing party shall be entitled to attorney's fees and costs.

I suggest that a strongly worded letter by an attorney will have your mortgage satisfied immediately. I just accomplished this on a mortgage which clouded title to property my clients were selling and got the Satisfaction the very next day. Good luck.

Scott R. Jay, Esq.