What happens when the loan is ready to be repaid?

Posted on: December 10, 2019

Unsecured Promissory Notes– You will provide Madison Trust with a Satisfaction of Note. Madison will sign the Satisfaction on behalf of your IRA and retire the asset.

Secured Promissory Note– You will provide Madison Trust with a Release of Mortgage or a Request of Full Reconveyance. Madison will sign the Satisfaction on behalf of your IRA. If the document needs to be recorded, then Madison will send a copy to you for recording.