If my mortgage company was bought out by another company and has been sold2 more times since then, how canI get the original lien off?
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If my mortgage company was bought out by another company and has been sold2 more times since then, how canI get the original lien off?
Asked on February 14, 2012 under Real Estate Law, Alabama
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
The original lien evidencing the loan on your home will be removed when the loan is finally paid in full via a document entitled "full release of lien." There have been recorded assignments of the lien that you have written about on your property as a matter of custom and practice. The assignee who holds the loan in the end will be responsible for signing the full satisfaction of the loan when it is paid in full or refinanced.
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