Back in the beginning of February, we noticed that a stock we’d been wanting to dump had suddenly exceeded in value the amount we had left on our mortgage. We took a deep breath and sold the stock ( I should point out that the stock has not been that high since; whee!). A week later, the money in our account, we transferred the funds to our mortgage holder. That was February 8th. The transfer was official the next day: we were debt-free.
We waited … and waited … and no paperwork was forthcoming. We had no proof, except that I could no longer access our mortgage account online, that it was paid in full. A few weeks later, we received our escrow account money. A good sign, but still no piece of paper. I called the bank after a month, and they told me the information had been sent to our County Clerk for recording but it sometimes takes sixty days to get all the paperwork processed.
I wait another month. Still nothing. The bank tells me we should have heard from the County Clerk’s office, the County Clerk says “Oh no, we’re not responsible for that! But the deed transfer was recorded on March 8th.” Good to know. Back to the bank. They put in a request to search for the documents sent from the County Clerk.
So the bank, apparently, wasn’t aware that they were responsible for sending their client a document releasing their client from their mortgage. I guess it just doesn’t come up very often these days. In the meantime, I called our insurance agent to let them know we owned the house now (the bank doesn’t do that either). I won’t go into everything else the bank messed up with our accounts. Suffice it to say, they make you pay in non-monetary ways for paying off their loan. They made everything right in the end, but I dealt with a lot of hassles.
Finally last week, a copy of the release came in the mail. I almost brushed it off as junk mail, because the sender was an unknown entity. Why it has the seal of a notary public in Arizona on it is beyond my comprehension, but it has the seal of the bank, the seal of our County, and a description of our property as we know it. Therefore, I will now conclude, that we are the proud owners of our house. Windhaven is officially OURS!!!