We recently paid off the mortgage on our home. When will we get a new deed showing that we no longer owe the bank anything?

If you glance at your deed, you will notice that your name appears as "grantee", but the bank is never mentioned. That means that when you pay your mortgage in full it is not necessary to update your deed.

What does need to be done is to have a Satisfaction of Mortgage document recorded with the Register of Deeds office. Financial institutions are required to record such a document within a specified timeframe. If you receive a Satisfaction of Mortgage endorsed by a Register of Deeds with a time, date and document number, nothing further needs to be done. If you have not received the endorsed satisfaction, you should check with your lender to be certain they processed the appropriate paperwork.

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1. What help can the Register of Deeds office provide for drafting real estate documents?
2. I have been told I need to get a legal description of my property. Where may I obtain one?
3. I paid off a Federal Income Tax Lien, but it still appears on my credit report. Why?
4. We recently paid off the mortgage on our home. When will we get a new deed showing that we no longer owe the bank anything?
5. I am considering purchasing a parcel of real estate. How can I find out what liens, if any, have been filed against it?
6. Can I do my own title search?
7. Can the Register of Deeds tell me if I have clear title?
8. How do I change my deed so that it reflects my married name?
9. If one trustee of a trust dies, is it necessary to take any immediate action?
10. If I purchase property that is from a larger parcel that is being split, will I receive a tax bill?