A satisfaction is a document showing proof that you have paid a deed of trust (instrument that secures the repayment of a sum of money or the performance of other conditions) or other security instrument in full. A recorded satisfaction releases the deed of trust or security instrument from the land records in the county where the property is located.
Check with your attorney for further assistance.
Two Methods of Satisfaction
There are 2 different methods of satisfying Deeds of Trusts and other security instruments.
1. The Trustee or Substitute Trustee may submit a Trustee's Satisfaction of Deed of Trust. The Trustee's Satisfaction of Deed of Trust must be signed by the Trustee or Substitute Trustee and acknowledged by a Notary Public and contain all the information required by G.S. 45-36.20 and G.S. 45-37(a)(7).
2. The secured creditor in the security instrument may sign a Satisfaction of Security Instrument. The Satisfaction of Security Instrument must be signed by the secured party and acknowledged by the beneficiary and acknowledged by a Notary Public and contain all the information required by G.S. 45-36.10 and G.S. 45-37(a)(7).
There is no fee for recording Satisfaction documents.
The following forms may be downloaded for your use.