What is annotation of mortgage?

Written By Gerard ()

Updated at October 24th, 2023

Annotation of Mortgage is a formal notation or registration made on the title or property document to indicate the presence of a mortgage. It serves as a public record and notifies any potential buyers or interested parties that the property has a mortgage. It ensures transparency and protects the rights of both the lender and the borrower in relation to the property and can only be removed from the property’s title after the loan covered by the mortgage has been satisfied or released.