Mortgage is paid off -- now what?
How to handle releases, escrow accounts
By Benny Kass, Monday, December 8, 2008.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.
more...
Copyright 2008 Benny L. Kass
All rights reserved. This article may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this article without permission is a violation of federal copyright law.
Bookmarking Sites
Story Tools Sponsored by:

