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Once you pay off your mortgage, the mortgage lender — also referred to as the “trustee” — creates the deed of reconveyance document. The lender then signs this document and has it notarized.
What happens to a shared mortgage after a divorce? The two most common paths forward are for the house to be sold, in which case the divorcing parties split the proceeds, or for one person to buy ...
To get that $62,500, you might refinance to a new mortgage for your remaining balance ($275,000) plus $62,500, and use the cash to pay your ex. Alternatively, you could open apply for a home ...
Paying off your mortgage is a momentous event. But before you celebrate, follow these steps to make sure your loan is canceled and you're... Paying off your mortgage is a momentous event. But ...
A canceled promissory note: This is one of the many documents you would have signed at closing, promising to pay back the amount of your mortgage. The canceled note, issued by your mortgage lender ...
Unfortunately divorces are a part of life and if you're unfortunate enough to go through one then there are a few things you need to understand regarding your home, mortgage and future credit.