Definition of "Deed of release"

Tanya  Biernat real estate agent
Tanya Biernat, Real Estate Agent Real Estate One- Rochester

Upon satisfaction of a mortgage or other debt payments, the deed releases property, or a portion of it, form the incumbrance. Often it is used in circumstances where a deed of trust is held by a trustee until a debt payment, usually in the form of a mortgage, is made.

 

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