Definitions for "Release of Mortgage"
The instrument given by the mortgagee to the mortgagor indicating discharge of the mortgage, stating that the obligation has been fulfilled and the debt paid off.
A written instrument releasing the lien of a mortgage on real property. See also Certificate of Discharge. Request for Reconveyance - An instrument executed by a trust deed holder directing the trustee to convey legal title to the property involved back to the owner. Most often, a form for this request is printed on the back of the trust deed so that the creditor may execute it when the debt is satisfied. Nevertheless, it may also be a separate instrument.
A recordable instrument that transfers title from a mortgagee to the mortgagor when title is held as collateral security for a debt. Most commonly used upon payment in full of a mortgage.