Mortgage Satisfaction by Quitclaim
Roger Ramirez paid the full balance on his loan from Reliance Insurance. The lender executed a quitclaim deed stating that it remised all claims to the property. Recording the deed cleared the title of record.
Also known as: remises · remised · remising · release · quitclaim
Written by attorneys · grounded in primary & secondary sources — see below
To surrender or release any interest in property, especially by deed in conveyancing.
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Roger Ramirez paid the full balance on his loan from Reliance Insurance. The lender executed a quitclaim deed stating that it remised all claims to the property. Recording the deed cleared the title of record.
Renee Rogers held a recorded interest in land encumbered by Redwood Bank. The bank executed a release deed in which it remised any further claim to the parcel. Rogers then held clear title free of the prior encumbrance.
Roberto Reyes held an interest in real property subject to government lien. The government executed an instrument remising its objection to substitute review of the encumbrance. The court then permitted Reyes to challenge the factual basis for continued restraint on the property.
Ryan Roberts, a trust beneficiary, signed a writing in which he remised all claims against the trustee for a prior breach. The document recited that Roberts knew the material facts at the time of execution.
Ronald Reed conveyed property subject to an old judgment lien. The prosecutor delivered written notice remising any intent to enforce the lien without satisfying the balancing test. The court required the proponent to show substantial probative value before allowing enforcement.
Rowan Russell received a signed writing from Redline Automotive remising its duty to deliver parts under an existing contract. The release took effect upon delivery and discharged the remaining obligation.
Remise is the verb by which a grantor surrenders or releases any interest in the described property. It appears in the operative language of quitclaim deeds to effect the transfer of whatever title the grantor holds.
Supporting sources
Remise itself is simply the act of release or surrender. Whether consideration is needed depends on the underlying transaction, such as satisfaction of a mortgage debt or settlement of a claim.
Supporting sources
Remise conveys whatever interest the grantor possesses without any promise of title quality. A warranty deed adds covenants that the grantor will defend against claims arising before or after the conveyance.
Supporting sources
…to the plaintiff, petition the Court for an order releasing such property or any part thereof from the seizure. The Court shall release such property unless the plaintiff shall satisfy the Court that because of other circumstances there is a reasonable possibility that such release may render it substantially less likely…