Partial Release of Lien

[Sean Connolly]

Hello All,

I am currently in the process of subdividing my SFH and Duplex next door and selling them off separately. I have an engineer working on the surveying. I have contacted the mortgage company (PennyMac) about the process needed to do this on their end. They told me I have to apply for a Partial Release of Lien. They have sent over the application, but just trying to get a little more info of the process. This is my first time doing this and the finance side is a bit confusing to me. Has anyone done a Partial Release before? and if so, any info/advice? Thanks in advance.