Posted on: 11th Feb, 2014 03:58 pm
What is the timeline for a lending company to provide a Release of Mortgage to a borrower who has an FHA loan, that has been paid in full.
Have you asked the mortgage lender for it? It may take a few days to execute the form.
I am asking on behalf of lender. The policy is to provide recorded release to borrower between 6 -8 weeks after loan pays off. Do you know if there is a policy per FHA or HUD where they state a specific number of days where lien release has to be provided. This is in New Mexico.