Carta Condicionada al pago

18:44 Apr 24, 2018
Spanish to English translations [PRO]
Law/Patents - Real Estate / Real Estate
Spanish term or phrase: Carta Condicionada al pago
It´s a letter given by the bank to a person who has a mortgage in their property when that person wants to sell the property and pay the loan out of the sales transaction.
Isabel Arechiga
Local time: 09:16

Summary of answers provided
3 +1[Mortgage] payoff statement
4certificate/confirmation of vacation/discharge/release on payment

Discussion entries: 4



1 day 1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5
carta de cancelación de hipoteca condicionada al pago
certificate/confirmation of vacation/discharge/release on payment

What is the best way to discharge a mortgage? | Homes and Property

28 Mar 2012 - I see no point in incurring a solicitor's fees to discharge your mortgage when it can be done so easily by your bank, so I would suggest that you accept their offer. The procedure is different if your property is unregistered as it will be necessary for the bank to endorse a "vacating receipt" on the original ...
What happens after the last mortgage payment? - The Irish Times

20 Oct 2000 - The home owner must present their vacated mortgage to whichever office applies to their property, and the office records the fact that the lender no longer has a charge on the deed. The fee for this service is £20 in the Land Registry Office and £12 in the Registry of Deeds. It is the individual's responsibility ...

Release of Bank Mortgages - The Law Society of Ireland

By the time the vendor's solicitor realises that payment of the home loan liabilities does not discharge all liabilities secured by the mortgage deed/deeds, the purchase monies are likely to have been paid out and the vendor's solicitor may be in a position of having to honour an undertaking to furnish a release or vacate of the ...

Note added at 1 day 1 hr (2018-04-25 20:36:20 GMT)

What is the best way to discharge a mortgage? | Homes and Property

28 Mar 2012 - Question: I have received a letter from my bank because my mortgage is coming to an end very soon. This letter asks me if I want to use my solicitor to discharge the bank's legal charge on the property or whether I want them to do it for me. Will it make any difference who does it? What do you think the best ...
What is the cost of a mortgage discharge? |

Rating: 4.6 - ‎8,868 reviews
12 Jun 2017 - Read our Q&A on the cost of a mortgage discharge, answered by Property Professor, Mary McQueen. Visit for more information.
Discharging a Mortgage in Scotland - McSherry Halliday

When you are in the fortunate position that your mortgage has been paid off, your mortgage lender will usually contact you to advise you that your account is cleared. They will also give you the opportunity to have the security discharged. You may re...

United Kingdom
Local time: 15:16
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1 day 4 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
[Mortgage] payoff statement

In the US, it is simply known as a mortgage payoff statement.
Please see explanation here:

Why "condicionada al pago" in Spanish? because the amounts provided on the letter are "conditional" to the mortgage being paid off by the date listed on the letter

A couple of things to bear in mind: In Mexico, the lender will send the letter to the "notario publico" you have indicated when you requested the letter, who will assist the borrower with the loan transactions; in the US these transactions are handled by a title company.

Here a reference to the process in the US:

Here an explanation from Mexico:
lo que te pidio la caja de ahorro se llama CARTA DE CANCELACION DE HIPOTECA CONDICIONADA AL PAGO, la carta de manifestacion de saldo es eso nada mas cuanto debes, la carta de cancelacion condicionada al pago te la otorga el banco dirigida al notario que tu designes no puede ser a quien corresponda, en ella te pondran los datos de tu credito, tu saldo actual a liquidar con una fecha especifica para liquidar esa cantidad, la clabe interbancaria para su pago, y el nombre y datos de la persona autorizada por el banco con la cual se podra poner en contacto el notario a fin de formalizar la operacion

Hopefully this is what you are talking about. Hard to be sure with such little context provided.

United States
Local time: 07:16
Native speaker of: Native in EnglishEnglish, Native in SpanishSpanish
PRO pts in category: 20

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agree  AllegroTrans: sounds OK if asker does in fact need US English
15 hrs
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