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#261437 - 10/26/04 06:07 PM Mortgage Satisfaction
Anonymous
Unregistered

How long to lenders have in New Jersey to get a Satisfaction of mortgage out after a payoff? I was just told that they won't get it out for at least another 4 weeks and I paid it off over 2 months ago.

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#261438 - 10/26/04 08:11 PM Re: Mortgage Satisfaction
Sinatra Fan Offline
Power Poster
Sinatra Fan
Joined: Jul 2002
Posts: 5,568
New Jersey
Under state law, the lender must submit the mortgage to the county recording officer for cancellation of record within thirty days of the payment in full of all sums due under the mortgage. As to how long the county recorder has to cancel the mortgage of record and return it to the lender, I am unaware of any statutory requirement.
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Management is doing things right; leadership is doing the right things. Peter Drucker

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#261439 - 11/19/04 08:56 PM Re: Mortgage Satisfaction
Starter Offline
Platinum Poster
Starter
Joined: Aug 2004
Posts: 513
NJ
Don't they normally just send it back whenever they get to it?

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