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How to finish company deed

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All right, in todays video were gonna discuss deeds. Now, Im not gonna talk about the different types of deeds in this video. If you want a video on the different types of deeds, go ahead and click right up here. The little i in the upper right hand corner. Thatll take you to that video. Today were gonna discuss basically the purpose, how we convey tile using a deed. Remember, conveyance of title simply means transfer of ownership. Were gonna talk about essential elements, what kind of things must a deed contain, for it to be legal and valid. And then whats the purpose of recording the deed. So lets get started. First thing we want to talk about is the deed. Whats the purpose of the deed? Well the purpose of the deed is to transfer, to transfer ownership. Now we call that conveyance of title. Those two terms can be used interchangeably, and you dont know how the real estate licensing exam question is gonna be structured. So they mean the same thing. The other part is trans

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What paper do you get when you pay off your mortgage?

A deed of reconveyance indicates that youve fully paid off your mortgage on your home, representing the transfer of ownership from your mortgage lender to you.

What do you do after you pay off your mortgage?

With your mortgage paid off, you do not have to send the mortgage company any more money. Send discharge of mortgage letter to your county: Your mortgage company should send all of the required documents to your county clerks office notifying them that your home is no longer bound by a mortgage.

Which document is the most important at closing?

Deeds are the most important documents in your closing package because they contain the statement that the seller transfers all rights and stakes in the property to the buyer.

What document do I get after pay off my mortgage?

When you pay off your loan and you have a mortgage, the lender will send you or the local recorder of deeds or office that handles the filing of real estate documents a release of mortgage. This release of mortgage is recorded or filed and gives notice to the world that the lien is no more.

Should I receive a deed after paying off mortgage?

If you arent planning to sell, though, a deed of reconveyance is still necessary its proof that youve paid off your mortgage, and that prevents a lender from making a claim to the property.

What does recorded closing mean?

When you buy a home, the transaction is public. Recording means filing your deed and / or mortgage with your county. The document is date and time stamped, and may be uploaded to a web site for the public. You pay recording fees at closing when you sign your final documents.

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