How Can I Obtain a Copy of My Mortgage Agreement?
A mortgage agreement is an important document that you likely don’t think about often. If you purchase a home with a loan, you likely have a mortgage agreement. However, you probably do not know much about the physical document. Thankfully, Datafied is here to answer all of your questions about mortgages and mortgage agreements.
What is a mortgage?
A mortgage is a document that records the transfer of interest in land as security for a loan or other obligation. This is done with a lien being placed on the property until the entire balance has been fully repaid.
What is the difference between a Mortgage Agreement and a Deed of Trust?
A mortgage agreement and a deed of trust are essentially the same documents. These documents are used when a borrower is using the property as security to acquire a loan. However, a mortgage creates a lien on the Mortgagor’s property, whereas, in a deed of trust, there is a third party called a Trustee involved. This third party will hold the title until the loan is repaid in full.
What do I do with the Mortgage Agreement after it has been signed by the parties and a Notary Public?
After the mortgage agreement has been signed by the parties and the notary, the document should be filed at the land records office in whatever county the property is located in. The office may be called different things depending on where you live. It can also be referred to as the County Clerk’s Office, Register of Deeds, or County Recorder’s Office.
Where can I obtain a copy of my Mortgage Agreement?
If you need to obtain a copy of your mortgage agreement, you will need to do so at the office where the mortgage is filed. This can be a tricky process, but Datafied is here to help!
Contact Datafied today if you need a copy of your Mortgage Agreement!
If you do not have a copy of your Mortgage Agreement it is a good idea to obtain a copy. This is a document that you will not use often, but it important to have in certain circumstances. Thankfully, Datafied is here to help! We have been offering document management and retrieval services since 1993 and would be happy to help you obtain a copy of your Mortgage Agreement. Give us a call today at 800-765-7510 to get started with the ordering process!
To learn more about the reliable and quality document retrieval and management services that we offer, visit us on the web at Datafied.
