To obtain a release of lien on Homes, Buildings,
Improved or Unimproved Land, Mechanic's Liens please provide us with the
following required document(s):
-
A copy of the Mortgage or Deed of Trust
Document that you are requesting to be released. The copy must be readable
and clearly show the recording information. This document can be
obtained from the Public Records in the County where the property is
located or from your title company or title attorney.
Please remember that FDIC can only accept a release request when
the lienholder is a Bank or Savings and Loan Institution that failed
and
has been placed in FDIC receivership, OR a Subsidiary of a Failed
Bank or Savings and Loan. If you're not sure, please call the DRR
Customer Service Center toll-free at 888-206-4662 (Dallas, TX) or for the western states
877-875-4744 (Irvine, CA).
If the lienholder of record is not a Bank or Savings and Loan
that failed and has been placed in FDIC receivership, please provide
copies of any and all assignments that show the chain of
title leading to an FDIC receivership.
It is highly suggested you also provide the
following documents, if available:
-
Proof that the loan was paid in full. Proof of
Payoff may include such things as a copy of a "PAID"
Note, a Settlement Statement, copies of payment checks,
or anything else that would indicate payment. This will greatly
reduce the amount of research time and expedite our handling of your
request.
-
A copy of a recent Title Search or Title
Commitment, or Attorney's Title Opinion on the property
for which you are requesting a release. This is especially helpful
in cases where the Mortgage documents are of poor quality and hard
to read. Your Title Company or Title Attorney can usually provide
you with this.
Where to send your request
-
A request for a Release of Lien must be made
in writing.
-
You can mail your request to:
FDIC
1601 Bryan Street
Dallas TX 75201
Attention: DRR Customer Service Center
Or for the western states
FDIC
40 Pacifica
Irvine, CA 92618
Attention: DRR Customer Service Center
-
OR it can be faxed to
703-812-1082 (Dallas, TX) or for the western
states 703-465-4320 (Irvine, CA)
-
We ask that you either fax your request OR
mail it in. Please do
not do both. Hard to
read documents should be mailed or sent overnight, rather than
faxed. Unreadable documents cannot be processed.
Be sure to include your address and phone number with
your written request.
Because of the large volume of release requests we get,
it may take up to 30 business days to obtain a release of lien so you may want to plan accordingly.
If you have any questions you may call DRR Customer
Service toll-free at 888-206-4662 (Dallas, TX) or for the western states 877-875-4744 (Irvine, CA) between the hours of 8:00 am
and 5:00 pm Central Time, Monday through Friday (except holidays). A
Customer Service Representative will be happy to answer your questions,
OR check out our Frequently
Asked Questions.
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To Obtain a Lien Release |
