I cleared my mortgage a few years ago. My bank posted out all the title documents to me.What actually happens when you make the final payments on a mortgage?
Don't see any reason why not, it's a good back up too.Can the document just be scanned and stored in the cloud?
My bank wrote to me that they wanted the name of my solicitor to send the deeds to. As I didn't fancy that I just ignored the letter. I prefer the bank to mind them for me for free.
Can the document just be scanned and stored in the cloud?
Lost deeds
Because the Registry of Deeds keeps a memorial or ROD application form summarising the change of ownership or mortgage, you can get a copy of this document to replace a lost or misplaced deed. A memorial or ROD application form does not have the same legal effect as a deed but provides secondary evidence of the contents of the deed. You can get a certified copy for €20 and a plain copy for €1 per page.
This is exactly what I did a few years ago. Received a large sheaf of papers which included all sorts of documentation. Helpfully the bank had categorised it into twenty or so different categories. I simply scanned each category and have twenty or so pdf's of my 'deeds'. Of course these are not the originals but are a useful copy that can't be lost (they are saved in multiple online and physical locations) and take up no physical space!Can the document just be scanned and stored in the cloud?
What actually happens when you make the final payments on a mortgage?
You mean for having paid your mortgage off "on time" by extending the end date, like Ryanair.....?You get a special kinda feelin. There should be a Ryanair end of flight fanfair as you walk out of the bank..
Brilliant. Post of the year if you ask me. ChapeauYou get a special kinda feelin. There should be a Ryanair end of flight fanfair as you walk out of the bank..
Dancing girls, hula hoops, fireworks... I like it!You get a special kinda feelin. There should be a Ryanair end of flight fanfair as you walk out of the bank..