Satisfaction

At the end of your forgiveness schedule, the forgivable loan will be completely forgiven, and your loan requirements are all satisfied.  The PHOS Office will send you a letter informing you that your loan has been forgiven and if there are any outstanding filing fees due. 

After any outstanding fees are paid, the PHOS Office will begin the satisfaction process by filing the appropriate paperwork with the City of Philadelphia Office of Deeds to remove the lien from your property and will provide you and a satisfaction letter stating your loan requirements have been fulfilled.  Please note: this process can take up to 30 days to be completed.