As notaries point out: “Remind the bank to send someone to the notary to sign the cancellation deed”. This final step, once the deed is registered in the Property Registry, guarantees that the property is officially listed as free of charges, preventing future blocks in property or succession transactions. In their video, they start by asking: “Did you know that even if you pay off your entire mortgage, the house still appears as mortgaged in the registry?”, and add that “many people believe that after paying the last bill, the bank takes care of removing it. But that is not the case”. After paying off the debt, many owners are unaware that their property continues to be listed as encumbered. If you do not complete this essential procedure, the mortgage will continue to appear as if it exists, which can complicate selling or leaving the house in a will. To avoid this, the notary details the correct procedure: request the mortgage cancellation deed from the bank. According to the video, the client must go to the notary with their valid ID or NIE, a zero-bank certificate, the simple note of the mortgage deed, and coordinate with the financial entity. This essential step to avoid future problems in sale or inheritance transactions is not automatic and requires specific management at a notary's office.
