When a mortgage has been assigned, who should sign the future satisfaction of mortgage?

Prepare for the Florida Title Insurance Exam. Use flashcards and multiple choice questions with hints and explanations. Get ready to pass your exam!

The current assignee is responsible for signing the future satisfaction of mortgage because they are the entity or individual that now holds the rights to the mortgage once it has been assigned. When a mortgage is assigned, the rights and obligations typically transfer to the new assignee, meaning they have the authority to take actions regarding the mortgage, including releasing the lien when the debt has been fully paid.

The original borrower does not have the authority to sign the satisfaction, as their responsibility for the mortgage may have changed upon the assignment. The current lender refers to the entity that may have been involved before the assignment, but they are not the ones holding the rights post-assignment. Similarly, the property owner, while they may have an interest in the property, is not the one who holds the mortgage. Thus, it is the current assignee who is correctly positioned to execute the satisfaction of the mortgage when the obligations are fulfilled.

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