Mortgage is paid off — now what?

How to handle releases, escrow accounts
Published on Dec 8, 2008

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DEAR BENNY: I paid my mortgage off in late May. What should I expect to see in the way of documents? How do I really know it is complete? --L.

DEAR L.: When you borrowed money to buy or refinance your home, you signed a mortgage document or a deed of trust. The latter is more commonly used throughout the country.

Your lender recorded that document among the land records in the county where your property is located.