The typical EMC short sale approval letter states that the lender will provide "a full satisfaction and release of lien of the mortgage"
I interprete the "full satisfaction" in addition to the phrase "release of mortgage" not to be redundant, but to mean the indebtedness is paid in full and the mortgage lien is released.
The proof however is in the pudding - has anyone actually seen EMC release documents (ie: Satisfaction of Mortgage as recorded in the public record)? What exactly did it say? I would like to hear that it says, "full satisfaction of the indebtedness"....
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