Desert Hot Springs, CA (PRWEB) October 4, 2007
LawDepot.com expands its suite of automated real estate documents with the release of the Satisfaction of Mortgage form. LawDepot's simple, step-by-step process allows users to complete their document in minutes.
A Satisfaction of Mortgage is a document signed by a mortgagee (e.g. a bank or credit union) acknowledging that the mortgagor has paid the mortgage in full, and that the mortgage is no longer a lien against the property. The Satisfaction of Mortgage Agreement must be filed with the County Recorder or Recorder of Deeds in order to clear the title from the real property. If the mortgagee fails to record a satisfaction of mortgage within the set time limits, the mortgagee may be responsible for damages set out by statute.
LawDepot's new form makes drafting a Satisfaction of Mortgage quick and inexpensive. It's faster and less expensive than hiring a legal professional, and the intuitive, fill-in-the-blanks process means that the Satisfaction of Mortgage Agreement form can be easily used by anyone.
Having just paid off a mortgage, the last thing the mortgagor wants is to incur a large legal bill in order to clear the title of his or her property. LawDepot's Satisfaction of Mortgage form allows the mortgagor to clear his or her property without spending a substantial amount of money to create the document necessary to do so
For additional information on the news that is the subject of this release (or for a sample, copy or demo), contact Dave Pettitt or visit http://www.lawdepot.com/contracts/satisfaction-of-mortgage-form/.
LawDepot.com is the most advanced provider of online legal documents. Hundreds of thousands of satisfied customers have appreciated LawDepot.com's efforts to make complex legal documents easy to generate with a simple step by step process. Thorough legal review processes ensure all documents are current and accurate. LawDepot.com offerings cover all facets of the legal industry, ranging from Real Estate, Business and Human Resources, to Estate, Divorce, and Family Law.