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The amount of time it takes to get your deed of reconveyance varies by state and by lender. In general, however, it can take up to two months to receive after you’ve fully repaid the loan ...
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The names of these offices are usually the "Recorder of Deeds" or something similar. State statutes also prescribe the following elements: What instruments are entitled to be recorded, usually deeds, mortgages (whether or not in the form of deeds of trust), leases (usually longer term varieties), easements, and court orders. There is generally ...
If repaid on time, the lender would reinvest title using a reconveyance deed. This was the mortgage by conveyance (aka mortgage in fee ) or, when written, the mortgage by charter and reconveyance [ 8 ] and took the form of a feoffment , bargain and sale , or lease and release .
A deed in lieu of foreclosure allows you to avoid foreclosure by giving your lender the deed to your house. A deed in lieu can do less damage to your credit than a foreclosure but means you need ...
Here are the property transfers recorded with the Somerset County Recorder of Deeds from March 4-8.. More: Commissioners accept another resignation, hire chief clerk Linda Sullivan to Diep T. Le ...
Grant deeds strike a balance between protection and simplicity. [2] They use precise and unambiguous language to ensure clarity and understanding, and they include warranties that offer protection against future claims on the property. [2] Grant deeds require full disclosure of any encumbrances on the property, such as liens or restrictions. [1]