What is the name of your state (only U.S. law)? Texas
So I finished my mortgage off in June of 2013, but hold off in getting all the documents squared off till today. I've been googling the past couple of hours on what to expect after I paid off the mortgage. I got the original promissory note back from the lender and it's stamped "Paid in Full". I did a document search in Travis County Clerk website and found a scanned copy of the "Release of Lien" from the mortgage company. I also found a scanned copy of the "Deed of Trust", and it looks the title company that handled the closing when I bought the property 16 years ago is keeping the original "Deed of Trust" copy.
My 1st question is am I supposed to receive the original "Deed of Trust" from the title company now that the "Release of Lien" has been recorded by the county clerk. Some website I read mentioned that I'm supposed to obtain the original copy of the "Deed of Trust", while other website mentioned that as long the "Release of Lien" is recorded by the county then the mortgage company has relinquish it's hold on the property.
My 2nd question is that from what I gather there is no official property title document that grants me legal ownership of my property, unlike owning a car. Just want to confirm this is true for state of TX.
Richard
So I finished my mortgage off in June of 2013, but hold off in getting all the documents squared off till today. I've been googling the past couple of hours on what to expect after I paid off the mortgage. I got the original promissory note back from the lender and it's stamped "Paid in Full". I did a document search in Travis County Clerk website and found a scanned copy of the "Release of Lien" from the mortgage company. I also found a scanned copy of the "Deed of Trust", and it looks the title company that handled the closing when I bought the property 16 years ago is keeping the original "Deed of Trust" copy.
My 1st question is am I supposed to receive the original "Deed of Trust" from the title company now that the "Release of Lien" has been recorded by the county clerk. Some website I read mentioned that I'm supposed to obtain the original copy of the "Deed of Trust", while other website mentioned that as long the "Release of Lien" is recorded by the county then the mortgage company has relinquish it's hold on the property.
My 2nd question is that from what I gather there is no official property title document that grants me legal ownership of my property, unlike owning a car. Just want to confirm this is true for state of TX.
Richard