Originally Posted by nwsteve
Suggest you also make a reminder for yourself to confirm you receive (say 3 months from date of payment) from whoever actually holds your mortgage a formal "release of deed on trust" for your property. The release should have been also recorded with the county where the property is located. If the release does not show evidence of recording, I personally would send for recording myself.
With all the sale and resale of mortgage paper, many banks want to duck the effort to actually complete the re-transmittal of clear title.
+1 on that.
When we paid off our house in 2000 the note holder, who had bought it from the local bank that originally made the loan, was very slow to do that. The second note holder had recently been bought by a third, larger bank, and I had to keep hounding them for several months to get the title cleared. Finally I lucked out and contacted an intelligent lady at the bank who told me she'd found the paperwork in a box stored in a hallway.
Sure glad I wasn't in a hurry to sell the house at the time! I kept after it in part because we knew we were going to sell in about two years and I wanted the title cleared.
The longer you wait the harder it is going to be to get them to find the paperwork.