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J.Hazelbaker
J.Hazelbaker, Lawyer
Category: Real Estate Law
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Experience:  Extensive experience and training in real estate matters.
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Hi I took out a $30,000 mortgage from a friend for a rental

Resolved Question:

Hi
I took out a $30,000 mortgage from a friend for a rental property. I will be paying the remainder of the mortgage off within a week (possibly today) as I plan to sell the property within 60days. I need to know what type of legal documentation I will need to have the Mortgagee sign and where the document needs to be filed (Recorder of Deeds??)

Thank you
XXXXX XXXXX
Pittsburgh PA
Submitted: 2 years ago.
Category: Real Estate Law
Expert:  J.Hazelbaker replied 2 years ago.

J.Hazelbaker :

Hello. Thank you for using JustAnswer.

J.Hazelbaker :

You would need your friend to sign a mortgage lien release. You can google the phrase ("mortgage lien release pennsylvania") and find suitable examples that you can copy.

J.Hazelbaker :

Once signed, you would file with the Recorder in the county where the property is located.

J.Hazelbaker :

Please let me know what follow-up questions you have. If my above responses have been helpful, please click Accept so that I get credit for the time/effort. You may always restart the thread and ask follow-up questions at any time by clicking the “Reply” button at the bottom of the question/answer thread. You can access this thread later in your profile under the “My Questions” tab.

Customer:
J.Hazelbaker, Lawyer
Category: Real Estate Law
Satisfied Customers: 4385
Experience: Extensive experience and training in real estate matters.
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