Question for AZ R.E. professionals

[howard rogers]

I paid off my house, got documents from bank showing loan paid in full and that a transfer fee was processed. Am I supposed to receive any documentation from the county like a deed or something? House in Ft Mohave, county is Mohave. Thanks.

 

[HALLETT BOY]

I think it’s all on digital file now

 

[stokerwhore]

Maybe call county recorders office and ask?

 

[185EZ]

I never received anything
I don't think they care if you have a loan or not. As long as you keep paying taxes

 

[Orange Juice]

I never received anything
I don't think they care if you have a loan or not. As long as you keep paying taxes

Yup it’s never “paid for”, as far as Taxes are concerned.

 

[azsunfun]

yup taxes untill death, you dont own shit!

 

[X Hoser]

In California they use a Reconveyance Deed of Trust that removes the lender from the title I believe. Not sure about AZ??

 

[DirtyWhiteDog]

I think it’s all on digital file now

This is Mohave County. We are talking about. Title is probably on a ScanTron card.

 

[Flatsix66]

Your mortgage bank should file with the county a deed of trust that says the loan has been paid in full and they release interest in the property. I was in a similar position not knowing what the lender did. I called the Mohave County recorders office, they were really helpful and sent me a copy of what the bank sent them, for a $10 fee and an email from a human explaining.

Get a copy of your deed and release of deed documents from:

Mohave County Recorder’s Office
PH 928-753-0701
[email protected]

 

[D19]

No it’s not like a car. Just make sure the Reconveyance was filed with the county and all is good.

 

[Mandelon]

The property was already in your name. It was just encumbered with the lien.

 

[C-2]

In California they use a Reconveyance Deed of Trust that removes the lender from the title I believe. Not sure about AZ??

Yup, you should receive a reconveyance from the "trustee" on the loan.

You were the trustor, the bank was the beneficiary, and the trustee is the company whose job is to issue the reconveyance after the loan has been paid, or to foreclose if the loan was not paid.

It can take several months. You will receive a copy of a recorded copy (stamped from the county recorder showing the date it was recorded and the instrument number)

 

[Bowtiepower00]

A problem I hope to have in a couple of years. Congrats to OP.

 

[Good Stuff]

I paid off my house, got documents from bank showing loan paid in full and that a transfer fee was processed. Am I supposed to receive any documentation from the county like a deed or something? House in Ft Mohave, county is Mohave. Thanks.

Your house basically has a Carfax report on it called a Chain of Title. It shows all deeds and loans ever recorded against it. They just file a form stating that there is no more loan against the property but the original grant deed from your purchase remains the same. If you want you can shoot me your info and I can pull it for you to make sure the release was recorded unless you already have it sorted out. I have access through work.