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If the advancing branch is in a notified area (for creating mortgage), and if the bank's system is to retain the documents with the lending branch and the mortgage is by way of deposit of title deeds, it should take just 15 to 30 mins. If the mortgage is registered, it may take a few days to a couple of weeks.
This is called recording your deed. When done properly, a deed is recorded anywhere from two weeks to three months after closing. However, there are many instances where deeds are not properly recorded. Title agents commit errors, lose deeds, and even go out of business.
A quitclaim deed is a legal document used when one person wishes to surrender an interest in shared property. This instrument should be filed with the local recorder's office. However, even if it is not filed at the time of signing, or not filed at all, the quitclaim deed is still legal.
Usually, a Quitclaim Deed is sent to the Grantee after it has been recorded. Yes, after the Granter signs the Quitclaim Deed, it must be signed and stamped by a notary public to verify that the Granter's signature is authentic before it can be filed with the County Clerk's Office.
Quitclaim deeds are part of public record. This means anyone who wants a copy can obtain one. One way to get a copy of this type of deed is to visit your local county recorder's office. If you don't know where this is, simply Google search County Clerk followed by the name of the county where the property exists.
Contact your lender to ask for the documents to be released. Obtain and save the original documentation related to your mortgage and loan. Verify with your local records office that your mortgage has been canceled.
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 gets recorded or filed and gives notice to the world that the lien of the mortgage is no more.
Get a Release. The most important paper to complete your homeownership is a satisfaction of mortgage or release of lien. File the Release. Your lender should file a copy of the release or satisfaction with whatever agency recorded the original deed. Contact Your Lender. Hold the Document.
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