Release


Definition of "Release"

Patti Zajack
  Better Homes & Gardens Real Estate Gary Greene


  1. to free real estate when the mortgage is paid. When a mortgage is paid in full, a release of
    record is typically issued confirming the retirement of the debt.
  2. the creditor's forgiveness of the debtor's obligation.
  3. Voluntarily quitting, abandoning, or giving up any further legal right against another. For
    example, exercising a prepayment of loan provision would release the borrower from any further
    obligations


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