Skip to main content

Twice refinanced, then paid off: the chain of deeds of trust, reconveyance

I went through my homebuying archive recently and realized that I may be missing some of the relevant deeds.

I bought my house in the state of Oregon, refinanced it twice, followed by paying it off. I would like to reconstruct the entire chain of deeds that I'm supposed to have, and obtain anything I'm missng.

I do have the following documents:

  1. Statutory Warranty Deed, wherein the previous owner conveyed the property to me on purchase.
  2. Two Deeds of Trust for two different lenders, establishing my house as security for the respective loans.
  3. One Substitution of Trustee & Deed of Reconveyance between lenders - this relates to one of the refinancing events, where lender B took over from lender A.
  4. The final Substitution of Trustee & Deed of Reconveyance (STDoR) that released the house from the last lender to me on my paying it off.

My questions are: 1. Given that I refinanced twice, am I correct to expect to have another Deed of Trust and another STDoR? I think so because I believe the chain of deeds should be: Deed of Trust for the original lender A -> STDoR from lender A to lender B -> Deed of Trust #2 for lender B -> STDoR from B to C -> Deed of Trust #3 for lender C -> STDoR from C to me. 2. If I am indeed missing the 2 deeds in the middle of the chain, what's the best way to go about obtaining them? I can easily obtain any document from the county recorder's office provided I give them the instrument number. Problem is, if I'm missing 2 middle links in the chain I don't know that instrument number. (If I were missing, say, just one Deed of Trust, I could take its instrument number form the subsequent STDoR).

Thank you!

submitted by /u/tsaudreau
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/k3qlqg/twice_refinanced_then_paid_off_the_chain_of_deeds/

Comments

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear...

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/