Skip to content
BOL Conferences
Learn More - Click Here!

Thread Options
#1840828 - 08/08/13 06:53 PM Original mortgage note
vettries Offline
Member
Joined: Feb 2012
Posts: 71
Cincinnati, OH
Is the original note in a residential mortgage transaction required to be returned to the borrower when the loan is paid off? If there is, is there a required timeframe for it to be sent to the borrower?
_________________________
"The light at the end of the tunnel might be you. Bring it!" Steven Tyler

Return to Top
#1855853 - 09/26/13 04:30 PM Re: Original mortgage note vettries
jlroberts Offline
Diamond Poster
jlroberts
Joined: Sep 2009
Posts: 1,601
Ohio
I'm not sure if it's a requirement but within 60 days of payoff we send them a formal letter with their note, mortgage and proof that the mortgage has been released of record.

Return to Top