View Single Post
  #5   Report Post  
v
 
Posts: n/a
Default

On Sun, 03 Oct 2004 22:33:56 -0700, someone wrote:

All of them. You never know when you are going to either sue someone or
be sued.


None of them. The only ones that count have been recorded with the
County Clerk or Registrar or whatever it is where you live, and are on
file there.

Seriously, if you want to be able to check your terms without a trip
to the courthouse, OK keep the current Note & Mortgage. If you are
obsessive compulsive like I am, keep your settlement statement in this
year's annual folder. You will never look at it again - certainly not
after a year, if you don't think you were ripped off or something on
your settlement now, you will not be going back 5 years from now to
audit it either.

There is NOTHING you have that "roves" anything, when the official
record is what is recorded at the county hall. Its like people
putting their deed in a fireproof box or something, its only useful if
you want to check your boundary descriptions, it proves nothing about
current ownership. Example: when you sell your house to the next guy,
your lawyer draws up a new deed for you to sign - you keep the old
one, it still says the same thing, but now its just a deed to
something you don't even own.

-v.