Legal Question in Real Estate Law in Ohio

release of mortgage

if a mortgage company releases mortgage on property by mistake,if i sell property ,have i violated any laws


Asked on 6/07/07, 3:26 pm

1 Answer from Attorneys
Robert Rosplock Rosplock & Perez

Re: release of mortgage

The mortgage deed is merely securtiy for repayment of the mortgage note. The release of the recorded mortgage does not satisfy the underlying debt. Your mortgage note most likely contains a provision making the note due and payable in full at any sale of the property.

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Answered on 6/07/07, 3:31 pm


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