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Release of Real Estate Mortgage

Signed by the lender, a bank or a person, once a loan with land or a condo unit put up as security is fully paid. It lets the Registry of Deeds cancel the mortgage noted on the title.

Lender

For example, MARIA L. SANTOS, or ABC LENDING CORPORATION.

Everything after the name. For a person: 45 years old, Filipino, married, and residing at 45 Mabini Street, Barangay Poblacion, Lipa City. For a company: a corporation organized under Philippine law, with principal office at 123 Ayala Avenue, Makati City.

Leave it empty if the lender is a person who signs personally.

For example, Branch Manager, or President.

For example, Board Resolution No. 2026-15 dated 3 August 2026, as shown in the Secretary's Certificate of the same date.

Borrower

For spouses, for example: JUAN DELA CRUZ and ANA REYES DELA CRUZ, spouses.

The Mortgage

For example, 10 June 2021.

As shown on the mortgage. For example, Atty. PEDRO M. GARCIA.

For example, Doc. No. 125, Page No. 26, Book No. V, Series of 2021.

As written on the title. For example, 2021004567.

For example, 18 June 2021.

The Property

For example, Transfer Certificate of Title No. T-123456, or Condominium Certificate of Title No. 7890.

As printed on the title, for example Registry of Deeds for Lipa City.

For example, Lot 5, Block 3, Barangay San Jose, Tanauan City, Batangas, with an area of 150 square meters.

For example, 30 September 2026.

Where

ID

The lender's, or the authorized officer's. For example, Philippine passport No. P1234567A.

What you type is kept on this device only, so you can come back and finish later. Nothing is sent anywhere. Press Clear to erase it, especially on a shared phone or computer.

RELEASE OF REAL ESTATE MORTGAGE

KNOW ALL PERSONS BY THESE PRESENTS:

This Release of Real Estate Mortgage is executed by mortgagee's name, lender's details, hereinafter called the MORTGAGEE.

WITNESSETH:

  1. On date of the mortgage, mortgagor's full name, of mortgagor's address, hereinafter called the MORTGAGOR, executed a Real Estate Mortgage in favor of the MORTGAGEE to secure a loan of amount in words (₱amount of the loan), Philippine Currency, which was acknowledged before name of notary public, Notary Public, and entered in the notarial register as Doc. No., Page No., Book No., Series;
  2. The mortgage covers the property, lot or unit and location, covered by title number of the Registry of Deeds, and was annotated on that title as Entry No. entry number on date of annotation;
  3. The MORTGAGOR has fully paid the loan and all other obligations secured by the mortgage;
  4. For this reason, the MORTGAGEE hereby RELEASES and DISCHARGES the property described above from the Real Estate Mortgage, and declares the mortgage cancelled and of no further force and effect;
  5. The MORTGAGEE hereby authorizes the Register of Deeds to cancel the annotation of the mortgage, Entry No. entry number, on title number, and to note this release on the title.

IN WITNESS WHEREOF, this Release has been signed this ____ day of ______________ 20___ at city or municipality, Philippines.

mortgagee's name
Mortgagee

SIGNED IN THE PRESENCE OF:


Witness

Witness

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES )
city or municipality ) S.S.

BEFORE ME, a Notary Public for and in city or municipality, this ____ day of ______________ 20___, personally appeared:

NameCompetent Evidence of Identity
mortgagee's nameID type and number

known to me and to me known to be the same person who executed the foregoing Release of Real Estate Mortgage, and who acknowledged to me that the same is a free and voluntary act and deed.

This instrument, consisting of ____ pages including this page on which the acknowledgment is written, refers to the mortgage annotated as Entry No. entry number on title number, and has been signed by the party and the instrumental witnesses on each and every page.

WITNESS MY HAND AND SEAL on the date and at the place first above written.

Doc. No. ______;
Page No. ______;
Book No. ______;
Series of 20___.

NOTARY PUBLIC

Before You Print

  • Not legal advice. This is a general form. For your own situation, consult a lawyer, especially if your case is unusual or a lot of money is involved.
  • You will sign it before the notary and confirm you signed it freely (this is called an acknowledgment).
  • Do not sign it yet. You sign in front of the notary, with a valid government ID.
  • Banks and financing companies usually prepare their own release, signed by an authorized officer. If yours has, use theirs. This form suits a release by an individual lender, or by a company that asks you to prepare it.
  • Under Section 62 of the Property Registration Decree, Presidential Decree No. 1529 (PD 1529), a mortgage on titled land is cancelled by a document signed by the lender (the mortgagee) and registered with the Registry of Deeds, which then notes the cancellation on the title.
  • Bring the notarized release, the owner's copy of the title (Owner's Duplicate) and the lender's proof of authority (for a company, a Board Resolution or Secretary's Certificate) to the Registry of Deeds. Check the Registry's current requirements and fees first. See the guide Cancelling a mortgage.
  • Copy the entry number and date of the mortgage exactly as they are written on the back of the title, in the list of loans and claims on the property (the memorandum of encumbrances).

What notarizing it usually costs →

For the steps around this document, see the guide Cancelling a mortgage.

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