Satisfaction of Mortgage
A satisfaction of mortgage is a recorded instrument evidencing that a mortgage has been paid or otherwise discharged. NYC's recording fee guidance distinguishes satisfactions and includes special fee computation rules for satisfactions involving consolidated mortgages.
- Where it applies
- New York City
- When it comes up
- Payoff; refinance; sale closing cleanup
- Property types
- All mortgaged property
Read more in the Knowledge Base
Title and Recording
- Assignment of Mortgage
- Bargain and Sale Deed (With Covenant Against Grantor's Acts)
- Bona Fide Purchaser (BFP)
- Borough-Block-Lot (BBL)
- Chain of Title
- City Register
- Condominium Common Charge Lien
- Consideration
- Conveyance
- Cover Page (NYC Recording)
General information, not legal, tax or financial advice.