Legal Question in Real Estate Law in Wisconsin
Mortgage Satisfaction?
What form is necessary for the satisfaction of a mortgage between two parties? A quit claim deed?
Asked on 3/20/06, 7:44 pm
2 Answers from Attorneys
Jason Greller
Attorney Jason A Greller - Real Estate Lawyer, SC
Re: Mortgage Satisfaction?
Hi: To show the satifaction of a mortgage you will want the mortgage holder to issue a "Satisfaction of Mortgage". That is the document you are looking for - not a quitclaim deed. The satisfaction should then be filed at the register of deeds for the county in which the property is located. The satisfaction then becomes part of the public record. Feel free to contact me if you require assistance generating that document.
Answered on 3/20/06, 9:52 pm
Thomas Schober
Schober Schober & Mitchell, S.C.
Re: Mortgage Satisfaction?
The form is entitled "Satisfaction of Mortgage" and is obtainable from most legal forms supply stores.
Answered on 3/20/06, 10:55 pm