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What is a deed of release? What purpose is it used for?

Posted by Urban Avenues on September 7, 2019
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A deed of release is a legal document that removes a previous claim on an asset. Typically, a deed of release is issued once a mortgage or any other type of debt, against the asset has been paid in full. After the deed of release is issued, the owner becomes the clear possessor of the property and any previous claims against the asset are dissolved.

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