What should a mortgagor receive after paying off a mortgage in Florida?

After paying off a mortgage in Florida, the mortgagor should receive a letter of satisfaction. This document serves as official confirmation that the loan has been fully paid and that the lender has released its claim on the property. A letter of satisfaction is important because it provides proof that the mortgage obligation has been fulfilled, allowing the property owner to clear the title of any encumbrances associated with the mortgage.

This document typically includes details such as the mortgage reference number, the property address, and the date the mortgage was paid off, ensuring that there are no remaining liens against the property related to that mortgage. This is crucial for future transactions involving the property, such as selling or refinancing.

The other options do not accurately reflect what a mortgagor receives after paying off a mortgage. Title insurance is a policy that protects against future claims on the property, not a document received after paying off a mortgage. A new mortgage contract would imply that a new loan is being taken out, which is not the case after fulfilling an existing mortgage. Tax reimbursement does not relate to the mortgage payoff process directly; it pertains to tax situations rather than mortgage satisfaction documentation.