Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 9 years ago on . Most recent reply

User Stats

13
Posts
1
Votes
Jim Fell
  • Investor
  • Dunlap, IL
1
Votes |
13
Posts

Receiving Final Payment on First Private Loan with Mortgage

Jim Fell
  • Investor
  • Dunlap, IL
Posted

My first private loan has been a great success!  I'm expecting to receive the final payment from my borrower--always on-time--in a few days.  My question is, what now?  I think the county Register of Deeds (Wisconsin) needs to be notified that the note has been satisfied, so they can remove the mortgage from the property, but what exactly do I need to send them?  Is there a form, or list of information, that they will want to see?

Most Popular Reply

User Stats

285
Posts
174
Votes
Shawn M.
  • Investor
  • New Haven, CT
174
Votes |
285
Posts
Shawn M.
  • Investor
  • New Haven, CT
Replied

File a satisfaction of mortgage form with the clerk

Loading replies...