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Nesgroup address: misc.consumers.house - Date & Time for the message: Mon, 07 Mar 2005 16:29:01 GMT /

Author of the message: vze8f3tq@verizon.net (v)

Title of the message:
Re: Paying off mortgage soon...a few questions please

Text of the message:
On Fri, 4 Mar 2005 20:08:18 +0000 (UTC), someone wrote:

>...Save it with the deed which
>you should already have.  In a fireproof safe at a minimum.  A bank safe
>deposit box is even better.
>

Absolutely unnecessary to save these in a fireproof box or safe
deposit.  The only ones that count are what has already been recorded
in the registry of deeds.  There is just about NO legal use for the
original mortage document OR deed.  You might keep a copy around so
that you know the book, page, dates etc. to help anyone needing to
search title not start from scratch, but that is just a convenience.
Do you think you no longer own the property if you can't find the
original?  Do you think that having it means you own it?  (Nope, when
you sell the property to the next guy, NOBODY comes to your safe
deposit box and seizes your old deed - its just that, and old deed.)
I hear people recite this advice all the time - but tell me, what do



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