Pennsylvania - Philadelphia County Satisfaction of Mortgage Form

Name: Satisfaction of Mortgage
Brand: Deeds.com
Rating: 4.8 (2675 reviews)

All Philadelphia County specific forms listed below are included in your immediate download:

Philadelphia County Satisfaction of Mortgage Form Page 1

Satisfaction of Mortgage Form - Philadelphia County

Fill in the blank form formatted to comply with all recording and content requirements.
Included document last updated 3/17/2021

Philadelphia County Satisfaction of Mortgage Guidelines Page 1

Satisfaction of Mortgage Guidelines - Philadelphia County

Line by line guide explaining every blank on the form.
Included document last updated 2/15/2021

Philadelphia County Completed Example of the Satisfaction of Mortgage Document Page 1

Completed Example of the Satisfaction of Mortgage Document - Philadelphia County

Example of a properly completed form for reference.
Included document last updated 3/8/2021

*The Following Pennsylvania and Philadelphia County supplemental forms are included as a courtesy with your order.

Transfer Tax Certification

This form is specific to Philadelphia County and is required instead of the statewide form. The form is digitized and comes with instructions.

Certificate of Residency

The residency form for the grantee (buyer) is used to certify the mailing address.

Homestead Exemption

For properties considered the primary residence of the taxpayer, a homestead exemption may exist. This City of Philadelphia 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.

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Frequently Asked Questions:

How long does it take to get my forms?
- Forms are available immediately after submitting payment.
What are supplemental forms?
- Often when a deed is recorded additional documents are required by the state or local jurisdiction. These could be tax related, informational, or even as simple as a coversheet. Supplemental forms are provided for free with your order where available.
How do I get my forms, are they emailed?
- After you submit payment you will see a page listing the forms you ordered with a download link to the pdf form file. You download the forms to your computer. You will also receive an email with a link to your download page in case you need it later.
What type of files are the forms?
- All of our forms are PDFs. You will need to have or get Adobe Reader to use our forms. Adobe Reader is free software that most computers already have installed.
Can the forms be re-used?
- Yes. You can re-use the forms for your personal use. For example, if you have more than one property in a given county that you need to transfer you would only need to order our forms once for all of your properties in that county.
Are these forms guaranteed to be recordable in Philadelphia County ?
- Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Philadelphia County including margin requirements, content requirements, font and font size requirements.
Do I have to enter all of my property information online?
- No. The blank forms are downloaded to your computer and you fill them out there, at your convenience.
Can I save the completed form, email it to someone?
- Yes, you can save your deed form at any point with your information in it. The forms can also be emailed, blank or complete, as attachments.
Do I need any special software to use these forms?
- You will need to have Adobe Reader installed on your computer to use our forms. Adobe Reader is free software that most computers already have installed.
Are there any recurring fees involved?
- No. Nothing to cancel, no memberships, no recurring fees.

Areas covered by these Satisfaction of Mortgage Forms:

Philadelphia County

Including:

Philadelphia

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What is the Pennsylvania Satisfaction of Mortgage?

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,

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Save Time and Money

Get your Philadelphia 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.

Our Promise

The documents you receive here will meet, or exceed, the Philadelphia County recording requirements for formatting. If there's an issue caused by our formatting, we'll make it right and refund your payment.

Customer Reviews:

4.8 out of 5 (2675 Reviews)

May 14th, 2021

Name: Lesa F.

Review: Excellent service for recovering a couple of deeds that had been misplaced. They were fast and efficient at a fair price. I would definitely use them again.

Reply from Staff on May 14th, 2021

Thank you!

May 14th, 2021

Name: Stuart P.

Review: Easy and fast. I'll use this service for all my recordings

Reply from Staff on May 14th, 2021

We appreciate your business and value your feedback. Thank you. Have a wonderful day!

May 13th, 2021

Name: Pamela M.

Review: Saved a great deal of time and hassle. THANKS