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Satisfaction of Mortgage Form - Franklin County
Fill in the blank form formatted to comply with all recording and content requirements.
Included document last updated 3/17/2021
Satisfaction of Mortgage Guidelines - Franklin County
Line by line guide explaining every blank on the form.
Included document last updated 2/15/2021
Completed Example of the Satisfaction of Mortgage Document - Franklin County
Example of a properly completed form for reference.
Included document last updated 3/8/2021
*The Following Pennsylvania and Franklin County supplemental forms are included as a courtesy with your order.
Realty Transfer Tax
Complete each section and file in duplicate with Recorder of Deeds when: (1) the full value/consideration is not set forth in the deed, (2) the deed is without consideration or by gift, or (3) a tax exemption is claimed. Note: This is a statewide form, required in every county where applicable.
Transfer Tax
This document provides information on transfer tax in Pennsylvania. It also list transfer tax exemptions to determine whether the deed in question is exempt.
Valuation Factors
If transfer tax is due, this list will show how much is owed by county. The longer version of the list includes past rates.
Homestead Exemption
For properties considered the primary residence of the taxpayer, a homestead exemption may exist. This Franklin County Homestead Exemption can reduce the appraised valuation of a primary residence before calculating the property tax owed, resulting in a lower annual property tax rate for owner-occupied homes.
Notary Certificates
The supplemental forms in this section can be used as loose certificates by Pennsylvania notaries.
Including:
The Mortgagee/Lender generally has 60 days to record a satisfaction to avoid penalty.
((1)If, within 60 days of the mortgagee's receipt of:
(i)payment of the entire mortgage obligation and all required satisfaction and recording costs; and
(ii)the first written request by the mortgagor for the satisfaction piece delivered and in substantially the form described in this section,
the mortgagee fails to present for recording to the office where the mortgage was recorded a satisfaction piece as described in section 5-1 or the mortgage is not otherwise satisfied, the mortgagee shall forfeit and pay to the mortgagor a penalty in a sum not exceeding the original loan amount.
(2)In any successful action to recover penalties pursuant to this section, the mortgagee shall reimburse the mortgagor for costs of the action, including the mortgagor's reasonable attorney fees.
(3)Any action to enforce the provisions of this section, including any action to recover amounts due under this section, shall be brought and maintained in the individual names and shall be prosecuted by persons entitled to recover under the terms hereof and not in a representative capacity.
(4)An action under section 6-2 shall be the exclusive remedy for damages for failure of a mortgagee to issue and present for recording a satisfaction piece.
(5)The delivery of a second or subsequent written request by the mortgagor for a satisfaction piece shall not give rise to an additional cause of action under this section.)
(Pennsylvania Statutes Title 21 P.S. Deeds and Mortgages 721-6. Notice to satisfy; damages for failure to satisfy)
For use in Pennsylvania only by mortgagee, assignee, or person entitled to interest, or his, her or their duly authorized attorney or agent,
Get your Franklin County Satisfaction of Mortgage form done right the first time with Deeds.com Uniform Conveyancing Blanks. At Deeds.com, we understand that your time and money are valuable resources, and we don't want you to face a penalty fee or rejection imposed by a county recorder for submitting nonstandard documents. We constantly review and update our forms to meet rapidly changing state and county recording requirements for roughly 3,500 counties.
The documents you receive here will meet, or exceed, the Franklin County recording requirements for formatting. If there's an issue caused by our formatting, we'll make it right and refund your payment.
4.8 out of 5 (2652 Reviews) May 7th, 2021
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Review: easy to complete. directions and forms where great!!
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May 6th, 2021
Name: Clifford B.
Review: I appreciate the formatting to match the expectations of the specific Registry of Deeds that I will be filing with. That is very helpful. In my case the easement is for septic disposal field and sample wording for different purposes would be helpful.
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May 5th, 2021
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Review: very easy and quick to get all the forms needed! Thank you!
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May 5th, 2021
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Review: Very easy process. great customer service
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May 4th, 2021
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May 4th, 2021
Name: Janet M.
Review: Was fairly easy to complete but my situation wasn't covered so I had to make a call to get help. Will see if it gets filed successfully.
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May 4th, 2021
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Review: Great service as always, thanks!
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May 4th, 2021
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Review: I'm very happy with your service! It saved me, at least, hundreds of dollars vs. going through a lawyer in a different state.
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May 3rd, 2021
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Review: Just as advertised.
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Price: $21.97
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