Home Has Sold... Now What?
Selling a home is an incredibly stressful process a lot of the time. You may have a lot of worries riding on whether or not the home sale will go through, if the paperwork will be accurate, and several other natural concerns that come with selling a house. Arrowhead Title is the best title company at the Lake of the Ozarks , so we understand how frustrating the process can be if it's not done correctly. Once the house is sold and you are comfortably settled in your new dream home, you may not want to think about the old house any more... Out of sight, out of mind. However, there are a few important steps that you need to follow to make sure the transition is smooth and nothing is missed that could cause issues for you later. Keep reading to learn more! Release the Lien Once you have paid off your home, the existing lien should be removed so that your ownership change is accurately reflected on all statements of credit. Your creditor will sign a Mortgage Release of Li...