Ideally, we would like the lender to return your original debt title, which you have signed with the original mortgage or trust. Both documents must be marked as cancelled. But we see that fewer and fewer lenders are sending these documents back to their borrowers. It is therefore a good place to keep the securities that show that the loan has been fully repaid for at least seven years after the loan is paid. All mortgages, deeds and other land records are in the county register of deeds or deed recorders (these are two terms that mean the same thing). These documents are publicly available and are available to anyone who wishes to view and receive copies, provided you have the address and/or name of the owner. However, the officer`s office will only record documents. You can receive copies of your mortgage and certificate here, but you will generally not be able to obtain copies of the note or any of the other county closing documents. A mortgage usually contains all the terms of your agreement with the lender, but it also contains the legal description of the property, which is often a paragraph or more describing the matches and limits – that is, the boundaries of the property, as determined by a survey. Legal descriptions are difficult to read, but they often end with a recitation of the actual property address.
The legal description may also contain a property history listing previous acts and their places of reception. The recorder or deed registry for your county can keep its land records online. You can search the internet for your county deeds recorder or a county stock or registration register. These data statements do not always provide PDFs of mortgage documents. Sometimes you can only display them as TIFF or JPEG files, and they often have a watermark on the front to indicate that they are not official copies. Other counties can only have information online and do not have actual copies of the documents. Search the recorder records. Notes are generally registered as public documents and available shortly after closing. The agent retains the original deed until the loan is repaid.
When the loan is made, the agent automatically registers a referral settlement with the district recorder`s custody office. Once the deed is registered, you will receive a copy. In San Francisco, you can access documents stored online via the county recorder`s website. In any event, you must keep the letter informing you that your loan has been fully repaid. We would also like you to put at least the most up-to-date credit clip, the “full payment” letter and a copy of the satisfaction of the mortgage after it has been registered. But we don`t see why you need to keep the other credit documents. The average floor would be to scan a cloud storage drive so you can keep it for your recordings. Each time you complete a refinancing, you should receive a full copy of your closing package. This way, you can carefully check all the documents you have signed for your mortgage during your three-day recitation period. A mortgage is the agreement you sign on a mortgage subscription that requires you and your lender to comply with the terms of the agreement.