We have to be extra careful in our state when a mortgage is "released", because in Pennsylvania, releases and satisfactions do not necessarily mean the same thing. For instance, a bank holding a mortgage on a subdivision owned by a developer who wants to sell off lots in the plan records a "release" of that particular lot; when a mortgage is paid off, the lender records a "satisfaction".
While a "satisfaction" always indicates the loan is paid off, a "release" may or may not, which goes back to your previous admonition: ALWAYS READ THE LEGAL!
Regards,
Scott
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