To obtain a release of lien on Homes, Buildings,
Improved or Unimproved Land, Mechanic's Liens please provide us with the
following required document(s):
-
A copy of the Mortgage or Deed of Trust
Document that you are requesting to be released. The copy must be readable
and clearly show the recording information. This document can be
obtained from the Public Records in the County where the property is
located or from your title company or title attorney.
- If the lien holder of record is not a Bank or Savings
and Loan that failed and has been placed in FDIC receivership, please
provide
copies of any and all assignments that show the
chain of title leading to an FDIC receivership.
-
Proof that the loan was paid in full. Proof of
Payoff may include such things as a copy of a "PAID"
Note, a Settlement Statement, copies of payment checks,
or anything else that would indicate payment. This will greatly
reduce the amount of research time and expedite our handling of your
request.
-
A copy of a recent Title Search or Title
Commitment, or Attorney's Title Opinion on the property
for which you are requesting a release. This is especially helpful
in cases where the Mortgage documents are of poor quality and hard
to read. Your Title Company or Title Attorney can usually provide
you with this.
Processing fees for release of Real Estate Liens and Assignments:
-
Please be advised that a processing fee of $50 ($25.00 for each duplicate) will be billed for each release of lien or assignment processed. This fee is for services provided by the Federal Deposits Insurance Corporation (FDIC) to process and research the release document. An invoice for this amount will be included with your release of lien or assignment document along with a self-addressed return envelope. Upon receipt of your release of lien, please remit your payment to the address shown on the invoice or on the self-addressed return envelope. Please do not send the processing fee prior to receipt of your release of lien.
A request for a Release of Lien must be made in
writing.
Mail, email or fax your request with the required documentation
to the appropriate DRR
Customer Service Center.
Please do not do both. Hard to
read documents should be mailed or sent overnight, rather than
faxed. Unreadable documents cannot be processed. To avoid any duplication,
please submit your request only once.
Be sure to include your address and phone number with
your written request.
Please allow 14 business days for the completion of your request.
If you have any questions you may call the appropriate DRR
Customer Service Center toll-free. A Customer Service Representative will
be happy to answer your questions, OR, refer to our Frequently
Asked Questions.
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To Obtain a Lien Release |
