Mortgage Lien Release Requirements by State
No matter what state you live in, being on the receiving side of a mortgage lien is no fun. Should you decide to sell your property, you need to secure a mortgage lien release. Without it, you might be able to still sell the property but for much less and also cause a lot of difficulty for the buyer and your own self.
Each state may have its own . If you don’t have the time or patience to sort through the different requirements for each state, we got you covered.
All you need to do is read on and we can guarantee, you’ll have every answer you;re looking for by the time you get to the end.
What Is a Mortgage Lien?
If you have ever borrowed money to buy your property or maybe you have not completely paid for the materials used when you had a bit of renovation in the past, chances are you have a lien on you against your property.
Liens use collateral, in this case, your property, to secure the complete payment of your debt. In the event that you fail to pay the loan according to the terms or the allotted time frame, the bank or financing company can take the property from you.
You can have a construction lien from the subcontractors and the contractor you hired to build or refurbish the home as well as a lien on the property itself from purchasing a mobile home to place on the property. There are many reasons that a lien would be placed on a home, but a mortgage is the most common.
Refinancing a home's mortgage will require the old financial company to release the lien to the new financial company before the matter is closed. Most of the time the two companies will do this without you having to be involved.
State Requirements on Removing a Mortgage Lien
Each state will have its own stipulations as to how the lien process works. However, below are some of the most conditions:
- Fulfillment of any monetary obligations
- Securing a Release of Lien or Certificate of Satisfaction from the finance office
- The title of the vehicle or property
- Signatures of the loaner, loan receiver, and a notary
If the mortgage company is taking more than a few weeks to produce the release, check with your local land office to see if one has been filed before calling the company back. Persistence is the key to getting the release finalized. Your state may have a time limit in which the collector has to provide you with the release.
How to Check if You Have a Lien
Selling your property may be difficult if you do not know whether there is a lien on the property or not. Before you sell, ensure there is not a mortgage lien, or visit the local clerk of courts to find information about liens against you or your family members. There are ways to sell the property with a lien on it, but you will lose a chunk of profit in doing so.
How to Get a Lien Release Form
Normally a lien release form will be filled out by the mortgage company and then sent to the city or state office to record. However, if you are facing an uncooperative mortgage company and need to apply to have the lien removed there are many options available to find the form.
- Search your state's website for the mortgage lien release form
- Visit the clerk of court
- Visit a property lawyer
All of these options waste your valuable time and money, not to mention you will need to do these things on your day off or take off work. That is too much for something that should have already been sent to you.
You're in luck, though. DoNotPay makes it easy to follow the state's directions and provides the forms necessary to obtain a release of mortgage liens in any state. Read on to find out how!
Remove a Lien With DoNotPay
Do not attempt to complete the inane questions on the lien release form on your own. DoNotPay will patiently guide you through the process.
All you have to do is follow these three simple steps:
- Search for remove my lien on DoNotPay.
- Start our Remove My Lien product.
- Answer some questions about your specific lien and let us help you craft a letter to your creditor to resolve the issue.
DoNotPay is an easy-to-use solution that may be used by anybody in any industry in any location. To eliminate a lien from your property, you must not allow a lien release form to stand in your way! It is in your interest to let DoNotPay work tirelessly on your behalf.
DoNotPay Works Across All States With a Just a Few Clicks on Your Phone
Taking care of your mortgage lien release is not the only thing that DoNotPay can help you with. You can also use it for the following services all across the United States of America:
What Else Can DoNotPay Do?
After we have successfully lifted the lien off your property, it's time to discover all the other things that DoNotPay can do for you. You might want to check below if there’s anything you want us to take care of:
- Increase credit limits
- Clean up your credit report
- Skip the customer service phone line
- Learn about the release of liability paperwork
- Reduce property taxes
- Sue someone in small claims court
- Help you with bills
- Learn how to close your bank accounts
There’s just no way you can run out of tasks to delegate with us here at DoNotPay. Download the app today or sign up at the website for an endless stream of services that you will surely enjoy.