Typically, the lender will provide you with a copy of the deed of trust after the closing. The original warranty deeds are often mailed to the grantee after they are recorded. These are your original copies and should be kept in a safe place, such as a fireproof lockbox or a safe deposit box at a financial institution.

Is a warranty deed the same as a mortgage deed?

A warranty deed, also known as a general warranty deed, is a legal real estate document between the seller (grantor) and the buyer (grantee). The deed protects the buyer by pledging that the seller holds clear title to the property and there are no encumbrances, outstanding liens, or mortgages against it.

Can you do a warranty deed with a mortgage?

If you’re applying for a mortgage, your lender may require a warranty deed in order to approve the financing, with the deed typically signed prior to closing the sale of the home. The seller’s signature indicates that they have the authority to transfer the ownership rights to the property to the buyer.

Who keeps the original deed?

office of the Recorder of Deeds
The original deed is returned to the owner of the property from the office of the recorder after proper entry. The office of the Recorder of Deeds maintains a set of indexes about each deed recorded, for an easy search. Almost all states have a grantor-grantee index including a reference to all documents recorded.

What is the difference between a warranty deed and a statutory warranty deed?

A statutory warranty deed is different from a warranty deed because it is a shorter form made available through your state’s statutes and it may not outright list the promise that the title is guaranteed to be clear. Instead, because it is a statutory form, this guarantee is implied and is still legally enforceable.

What is warranty deed in mortgage?

A warranty deed is a document sometimes used in real estate, which offers the buyer of property the greatest amount of insurance. It guarantees or warrants that the property is owned by the owner free of any unpaid liens, mortgages, or other obligations against it.

When to use a warranty deed or deed?

A Warranty Deed is a real estate document used when a property owner (grantor) transfers land to a buyer (grantee), and wishes to make a guarantee that the property is free and clear of any encumbrances, like a lien or mortgage. Also, what is the difference between a deed and a warranty deed?

Where can I get a certified copy of my warranty deed?

Contact your recorder’s office to see if it offers the service. Typically, the recorder is located in the county courthouse or other government building. There will likely be a small fee charged to search and print the documents. The recorder may also be able to stamp the copy to deem it a “certified copy.”.

How does a deed of reconveyance work on a mortgage?

The lender does this by issuing a deed of reconveyance. Another term for this, in the mortgage situation, is the deed of release of mortgage. It shows that the homeowner has paid for the property, fully satisfying the conditions of the loan.

How to get the title deed after paying a mortgage?

Receiving the title deed after paying off a mortgage isn’t a complex process. You can request that your property deed be released by your lender using a few simple steps. Providing documentation that your deed has been paid in full, such as mortgage loan paperwork, is an absolute must.