What does it mean for a deed to be recorded?
Recording means filing your deed and / or mortgage with your county. The document is date and time stamped, and may be uploaded to a web site for the public. You pay recording fees at closing when you sign your final documents.
What happens after a deed is recorded?
A deed to real property becomes a public document when it is recorded with the Recorder of Deeds subsequent to delivery and acceptance. Recording is filing them in the county recorder’s office and if recorded, the title deed acts as defacto notice to all third parties as to ownership in the property.
What happens if a deed is not recorded after closing?
Failure to record a deed effectively makes it impossible for the public to know about the transfer of a property. A buyer, for example, could encounter great difficulty in selling, insuring, or obtaining loans for a property if financial institutions and insurance companies cannot establish clear title.
Is an unrecorded deed valid?
In a few states, an unrecorded deed is invalid unless it is recorded. But in most states, an unrecorded deed is valid only between the grantor and the grantee. When a deed is unrecorded, it does not give “constructive notice” to the world of its contents.
Who keeps original house deeds?
The title deeds to a property with a mortgage are usually kept by the mortgage lender. They will only be given to you once the mortgage has been paid in full. But, you can request copies of the deeds at any time.
Are unrecorded deeds void?
What happens if house deeds are lost?
If the deeds went missing or were destroyed while in the custody of a law firm or financial institution then, if satisfied with the evidence, the Land Registry will register the property with an absolute title. If not, then it is usually the case that the property will be registered with a possessory title.