Unreleased mortgages and open mortgages on a property become a cloud on title when they probably should have been cleared. Over 36% of all fully paid mortgages are unreleased from the title at the time that the statute says they have to be cleared. Why an Unreleased Mortgage Happens The Release Document Requirement If you refinance a mortgage, pay off a mortgage, or even sell a property, the mortgage holder for that loan is supposed…