Satisfaction of Security Instrument - Wake County, North Carolina

Satisfaction of Security Instrument is a legal document that was released by the Register of Deeds - Wake County, North Carolina - a government authority operating within North Carolina. The form may be used strictly within Wake County.

FAQ

Q: What is the Satisfaction of Security Instrument?A: The Satisfaction of Security Instrument is a legal document that shows a mortgage or deed of trust has been paid off and released.

Q: What county does this document pertain to?A: This document pertains to Wake County, North Carolina.

Q: What does the Satisfaction of Security Instrument indicate?A: The Satisfaction of Security Instrument indicates that the loan secured by the mortgage or deed of trust has been fully paid and that the property is no longer encumbered.

Q: Why is the Satisfaction of Security Instrument important?A: The Satisfaction of Security Instrument is important because it provides proof that the property owner has satisfied their mortgage or deed of trust obligations and that they have clear ownership of the property.

Q: What should I do with the Satisfaction of Security Instrument once I receive it?A: Once you receive the Satisfaction of Security Instrument, you should keep it in a safe place as it serves as evidence that your mortgage or deed of trust has been fully satisfied.

Q: Can the Satisfaction of Security Instrument be used as proof of homeownership?A: While the Satisfaction of Security Instrument is an important document, it alone may not be sufficient as proof of homeownership. It is recommended to also have a copy of the deed or title to the property.

Q: Is there a fee to obtain a copy of the Satisfaction of Security Instrument?A: Yes, there may be a fee associated with obtaining a copy of the Satisfaction of Security Instrument from the Register of Deeds office.

Q: Can the Satisfaction of Security Instrument be transferred to another party?A: No, the Satisfaction of Security Instrument cannot be transferred to another party as it is a document that indicates the release of a mortgage or deed of trust.