A mortgage lender's or lien holder's relinquishment of its claim to some portion of the property which originally stood as security for the mortgage loan.
A lender's relinquishment of its claim to some part of the real property that secures a mortgage loan.
Release of a portion of collateral to the borrower.
The process by which a portion of a piece of the mortgaged property is released from lien, usually due to the sale of the piece of property. The release is recorded, along with a legal description of the released section of property. Requirements and regulations determining a partial release vary with each lender and investor.
A document signed by the mortgagees holding a blanket mortgage registered on title to several properties which removes the mortgage from title to just one of the properties.
A partial release of property covered by a mortgage.
Removal of a specific portion of the collateral from the lien of a mortgage.
A release of a portion of property covered by a mortgage.
A provision in a mortgage that allows some of the property secured to be freed from serving as collateral.
The release of property that may be used as collateral.
A clause found in a mortgage which directs the mortgagee to release certain parcels from the lien of the blanket mortgage upon the payment of a certain sum of money.
