A Certificate of Satisfaction is a legal document that indicates the fulfillment of the terms and obligations under a lien, mortgage, or loan agreement. It is often required to clear any encumbrances against a property, signifying that the associated debt or obligation has been satisfied in full.
A Satisfaction of Mortgage, also known as a Satisfaction Piece, is a document provided by a lender to confirm that a mortgage has been fully repaid by the borrower, thereby releasing the property from the lien of the mortgage.
A satisfaction piece is an essential legal document that indicates the final payment of a mortgage loan, effectively releasing the lien on the property. By recording a satisfaction piece, borrowers officially demonstrate that their loan obligation has been fulfilled.
