Satisfaction Of Mortgage Filing

Summary

In Florida, after a contract for deed is satisfied, you should file a Satisfaction of Mortgage document to indicate the mortgage has been fully paid and the lien released. Filing this document 12 years later is acceptable but should be done promptly to avoid legal issues. Additionally, you may need to file a Warranty Deed to transfer the property title if it hasnt been done already. Consulting a local real estate attorney is advisable for specific guidance.

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Is it okay to file a satisfaction of mortgage document 12 years after the contract for deed was satisfied?
Yes, it's okay to file a "Satisfaction of Mortgage" document even 12 years after the contract for deed was satisfied. However, it's always better to file as soon as possible to avoid potential legal complications.
Do I need to file a deed too?
In Florida, you may also want to file a Warranty Deed to transfer title of the property, if it hasn't been done already. However, it's best to consult with a local real estate attorney for your specific situation.