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First I thnank you for your detailed reply, Jeff. I was thinking along the
same line. I paid the loan off about six months ago; after calling and
getting a run around from department to department, today I received a
recorded copy of satisfaction of mortgage. When I called the lien release
department, there answer was that this is all I'm going to get. I don't
need anything else. I'm not sure who to contact and how get my hands on the
deed.
Thanks,
Boomer
"Jeff Strickland" <crwlr@yahoo.com> wrote in message
news:eqidnWY1xKsm9wnYnZ2dnUVZ_qK3nZ2d@ez2.net...
> 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.
