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You should be looking for a reconveyance of the Trust Deed or Grant Deed. (I
pretty sure it's the grant deed.)
In any case, the trustee holds the deed today. You paid the mortgage off,
and the trustor conveys the property to you with the reconveyance. What
happens is, you use the property as security for the loan. Should you have
defaulted on the loan, the bank (through the trustee) exercises its
ownership rights through the Deed, and in the process evicts you through
foreclosure proceedings. In any case, this scenario never kicked in, and now
that you have paid the loan, the trustee should relinquish its position in
the ownership chain. It does this by reconveying the deed to you.
Call the bank's (lender's) Customer Service department and ask them how long
they take to reconvey the deed. I would go ahead and wait until after the New
Year.
"Boomer" <boomeral@hotmail.com> wrote in message
news:ZyVkh.15725$cB6.4311@bignews7.bellsouth.net...
> Hello folks,
>
> I paid my mortgage off about six months ago. I'm expecting some documents
> be returned to me, but I've not received any. What documents should I
> expect to receive from the mortgage company?
>
> TIA
>
> Boomer.
>
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Re: Paid off mortgage.
