Understanding the Importance of Mortgage Cancellation and Registration After Debt Settlement

Understanding the Importance of Mortgage Cancellation and Registration After Debt Settlement

Question from a reader:
If I fully repay my debt, does the mortgage automatically disappear? I found out that the mortgage does not disappear and that a “mortgage cancellation registration” is necessary. What is the reason for this procedure? Are there other rights that also require cancellation registration?

Considering the Disappearance of Mortgages After Debt Repayment

When a debt is fully repaid,