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-   -   Does anyone how to discharge a mortgage after paying it off? (https://www.revscene.net/forums/716832-does-anyone-how-discharge-mortgage-after-paying-off.html)

Slifer 03-19-2020 03:28 PM
Does anyone how to discharge a mortgage after paying it off?
 
Does anyone how to discharge a mortgage after paying it off?

Ugh, I just realized I needed to do that after paying it off a year ago..

Great68 03-19-2020 06:50 PM
Your mortgage lender needs to fill out a Form C Release and submit to the Land Title Authority.

https://www.ltsa.ca/docs/Form-C-Gene...nt-Release.pdf

https://ltsa.ca/property-information...-paid-mortgage

That's about it.

EuterVanWasser 03-19-2020 06:53 PM
^^ That. The mortgagor needs to discharge through LTO. Cheers.

parm104 03-24-2020 08:09 PM
Quote:
Originally Posted by Slifer (Post 8978795)
Does anyone how to discharge a mortgage after paying it off?

Ugh, I just realized I needed to do that after paying it off a year ago..
Depending on who your bank is, you may need to get in touch with a lawyer or notary to have it discharged.

lowside67 03-25-2020 12:59 PM
Quote:
Originally Posted by parm104 (Post 8979699)
Depending on who your bank is, you may need to get in touch with a lawyer or notary to have it discharged.
In general you shouldn't - the banks have the teams in place to handle this stuff internally, no need to incur this cost. Once paid off, it should be as simple as requesting it to be discharged from your bank.

-Mark


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