Aug. 1, 2011
Dear George: I paid off my mortgage but have not received the deed. My lender said the county has it. Do I need to get it? Will I need it if I want to sell my house?
Answer: If you closed on your home at a title company, you obtained the deed to your property when you purchased it. The previous owner signed the deed transferring title to you, and a copy of that deed was filed with the county. When you financed the purchase of your property, the lender placed a lien on your property.
What you actually need is a document that releases the lien from your property. When you pay off a mortgage, the lender normally mails you your note, marked “paid,” and a “release of lien” document. That’s the document you’ll need when you sell your property, and it’s up to you to file it with the county.
E-mail a question to ask George & Chuck or fax it to 713-978-6684. The answers to questions in this column do not contain legal advice. If you wish to obtain legal advice, you should consult your own attorney.