I have a mortgage but am talking to an attorney about BK. They are asking to see the deed to the house - but I wouldn't have that since I still pay the mortgage, right? The bank holds the deed don't they?
2007-09-27 11:19:27 · 7 answers · asked by Sara P 1 in Business & Finance ➔ Renting & Real Estate
bank holds the deed of trust....you hold the title/deed.
2007-09-27 11:22:00 · answer #1 · answered by Anonymous · 1⤊ 0⤋
That's excessive, don't go through the local branch go through head office. However, deeds are now stored at the Land Registry electronically, few people use paper deeds anymore. I suggest you contact the Citizens Advice Bureau they will advise you. When I made the final payment on my mortgage with Halifax in 2005 they wanted £250 to release the paper deeds. I bypassed the branch, wrote to head office and got them free within a week.
2016-03-13 06:06:56 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You should have received a copy of your deed when it was recorded. The bank holds the mortgage papers you signed.
2007-09-27 11:27:46 · answer #3 · answered by regerugged 7 · 0⤊ 0⤋
The deed is registered with the county. You may have a copy of the deed, but it is like having a copy of a birth certificate.
2007-09-27 11:26:44 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Depends on your specific land contract...usually the mortgage holder is the one with the deed.
2007-09-27 11:26:47 · answer #5 · answered by Lex 7 · 0⤊ 0⤋
The person who loaned the money for the mortgage holds title until it's paid .
Maybe the attorney wants to see the mortgage documents ?
>
2007-09-27 11:26:42 · answer #6 · answered by kate 7 · 0⤊ 1⤋
No, you should have the deed even though you are still mortgaged.
2007-09-30 18:39:03 · answer #7 · answered by Classy Granny 7 · 0⤊ 0⤋