Partial Release of Mortgage in Florida
A partial release removes part of the property from a mortgage lien while the rest stays encumbered. Used in subdivision sales, lot releases, and partial property sales. Lender not obligated without a release clause. Recorded in official records. Release price applied to principal. Common in development and blanket commercial mortgages.
When Used
- Developer sells lots from blanket mortgage
- Owner sells portion of property
- Sufficient paydown to release parcels
Process
- Request to lender with property description
- Lender evaluates LTV, security adequacy
- Execute and record partial release
- Pay release price (principal reduction)
Release Clause
- Conditions, release price per parcel
- Minimum parcels remaining
- Release order specified
Related Terms
- Mortgage — Property security
Barnes Walker Real Estate
Barnes Walker’s attorneys negotiate partial releases for Florida properties. Request a legal inquiry for assistance.
Florida Law Reference
Fla. Stat. Ch. 83, Part II
The Florida Residential Landlord and Tenant Act governs lease agreements, security deposits, maintenance obligations, and the eviction process.
Reviewed by the attorneys at Barnes Walker, Goethe, Shea & Robinson, PLLC