Hi,
After a series of refinances on my home, I'm now overwhelmed with the
amount of paperwork that comes with each refi. Can someone help me
with which papers I need to keep from the mortages which I closed as a
result of the refinance?

thanks,
-nitin

In article ,
(Nitin) wrote:

Hi,
After a series of refinances on my home, I'm now overwhelmed with the
amount of paperwork that comes with each refi. Can someone help me
with which papers I need to keep from the mortages which I closed as a
result of the refinance?

thanks,
-nitin

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

"Nitin" wrote in message
om...
Hi,
After a series of refinances on my home, I'm now overwhelmed with the
amount of paperwork that comes with each refi. Can someone help me
with which papers I need to keep from the mortages which I closed as a
result of the refinance?

thanks,
-nitin

Most important paper is the Note.

I keep receipts/statements/instruction manuals for everything.

And I especially keep anything legal, contracts, insurance documents, etc.

Just get a cardboard box, label the year, and dump all paperwork in there.
Have a box for each year. Then if (when) you need to find something, you
will at least have it narrowed down to the year and will have it.

"Nitin" wrote in message
Hi,
After a series of refinances on my home, I'm now overwhelmed with the
amount of paperwork that comes with each refi. Can someone help me
with which papers I need to keep from the mortages which I closed as a
result of the refinance?

thanks,
-nitin

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.

"Nitin" wrote in message
om...
Hi,
After a series of refinances on my home, I'm now overwhelmed with the
amount of paperwork that comes with each refi. Can someone help me
with which papers I need to keep from the mortages which I closed as a
result of the refinance?

thanks,
-nitin

This is Turtle.

It is hard to say what you would need or not but I would keep all of them for
referrence if say your bank or loan company sells your Note to another bank or
load company or maybe your bank goes belly up. If they go belly up --- your note
can be called and they will give you 90 to 180 days to pay the note off or
refinance it. This case is or usely only if the interest rate your paying in too
low for them to like. The reason i say this my next door neighbor had a 6% note
and Gulf Coast investments went belly up. The going interest rate at the time
was 17% and the buyer of the note called the note and he had to refinance it at
17% . He got the red ass but they got their money. It is all ways a good ideal
to look at who you finance your home with.

TURTLE

On 3 Oct 2004 22:17:06 -0700, (Nitin) wrote:

Hi,
After a series of refinances on my home, I'm now overwhelmed with the
amount of paperwork that comes with each refi. Can someone help me
with which papers I need to keep from the mortages which I closed as a
result of the refinance?

thanks,
-nitin

Keep them all, two more refi's and you can use the wentire ste to
build a three car garage and a summer house.

Seriously, keep all the sets, file cabinets are cheap and you might
need one or another set. Talk to a lawyer or accountant for any
possible legal retention periods required, I ain't either of them
types.

Jim P.

On Mon, 4 Oct 2004 11:02:37 -0700, "Bill"
wrote:

I keep receipts/statements/instruction manuals for everything.

And I especially keep anything legal, contracts, insurance documents, etc.

Just get a cardboard box, label the year, and dump all paperwork in there.
Have a box for each year. Then if (when) you need to find something, you
will at least have it narrowed down to the year and will have it.

"Nitin" wrote in message
Hi,
After a series of refinances on my home, I'm now overwhelmed with the
amount of paperwork that comes with each refi. Can someone help me
with which papers I need to keep from the mortages which I closed as a
result of the refinance?

thanks,
-nitin


If I signed it in the proces of buying or refinancing, I keep it a
copy. Storage is cheap as a rule and the paper you toss out is the
one it turns out you need desparately.

Jim P.