Help with deciphering and translating

[jamiejamie]

My dad handed me a bundle of paperwork from my grandmother's attic. This was in the middle of emigration papers, birth certificates and, I think, a will.

http://yfrog.com/87unknown1j

Any help in translating what it is would be most appreciated.

JAMIE

[liviomoreno]

[align=center]Cosenza's office of keeper of the mortgages
Nr 1649 of the General register
Nr 9266 of the Special register
The keeper of the mortgages of Cosenza
Certifies[/align]
that Today was withdrawn the registration made in May 1904, nr 21463, in favor of Francesco Niccoli son of the deceased Raffaele form Grimaldi against the spouses Rosa Podestio daughter of Giovanni and Pietro Maio son of the deceased Giuseppe, based on the public receipt drawn up on November 26, 1904, in front of the Notary Rosalbino Gagliardi residing in Grimaldi and registered in Sogliano on December 8 same year with nr 139, existing in the office together with the relevant request.
[align=center]Specification
Taxes an stamps Lire 2,20
Paper for this act Lire 1,20
__________
Total Lire 3,40 [/align]

Cosaenza, February 24 1905

[jamiejamie]

Thank you! That was very helpful, I am very appreciative. Now, what do you think it means? "Withdrawn the registration" is that foreclosure or a sale of property?

[liviomoreno]

I don't know if the term mortgage is correct. In Italian it is Ipoteca. When you borrow money you may be requested to temporarily "freeze" the ownership of a property in favor of the person that gave you the money. You cannot sell it until you have paid the debt and if you do not pay your creditor will get the ownership of the property. It is a warranty...
"Cancellata la iscrizione" which I translated "Withdrawn the registration" means that the record saying that the property is "ipotecata" was canceled.

[jamiejamie]

Again, thank you!

[johnnyonthespot]

I don't know if the term mortgage is correct. In Italian it is Ipoteca. When you borrow money you may be requested to temporarily "freeze" the ownership of a property in favor of the person that gave you the money. You cannot sell it until you have paid the debt and if you do not pay your creditor will get the ownership of the property. It is a warranty...
"Cancellata la iscrizione" which I translated "Withdrawn the registration" means that the record saying that the property is "ipotecata" was canceled.

Livio,

For future reference, it sounds like what we in the US would call a "Lien" followed by a "Release of Lien". See http://wiki.answers.com/Q/What_is_a_lien

[liviomoreno]

Grazie Carmine, I appreciate your help and your explanations!

[jamiejamie]

Grazie to both of you!