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Question
My wife and myself owe a property in Espanola N.M. ( Reo-Arreba County)Recently we paid all our debt with the Mortgage Coy and we do not owe on this property anything. Do we have to register the ownershipand to what office do we have to turn to?
Hi Abraham-
Thanks for your question. Once you have paid off the mortgage, you should receive a notice of satisfaction of lien or something similar from the bank or mortgage company. It can take awhile however if you don't receive it, I would follow up with them to get whatever document is normal for your state. Then, I would take it to your county clerk and have it recorded (there will be a small fee) so there is an official record. It may be slightly different in NM but it should be substantially the same. Hope this helps. Congratulations and best of luck, Toni
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| Rating(1-10) | Knowledgeability = 10 | Clarity of Response = 10 | Politeness = 10 |
| Comment | Hi Toni Thank yiou for your reply to my question. I am duly impressed by this effecient service. I am an Israeli citizen and live in Israel . I will tell this to all friends and aquaintences, The very best to you and a merry Christmas and a happy and healthy New-Year! Al Grossmann | ||
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Toni Yates
Expertise
As a real estate broker and agent for over 12 years, I am qualified to answer questions about buyer and seller agency, home ownership, second home ownership, lake property and basic real estate information and laws as they apply in the Commonwealth of Virginia.
Experience
12 years in real estate and a second home owner. Top producer for many years. Have specialised in resort and second home as well as primary home ownership. Also have expertise in equestrian properties. Owner and one of the founders of Re/Max Lake & Country as well as Greenway Horse Farm.
Organizations
National Association of Realtors, Virginia Association of Realtors, Fredericksburd Area Association of Realtors, Richmond Area Real Estate Association and Charlottesville Association of Realtors. Re/Max and the Better Business Bureau.
Education/Credentials
Real estate licensing and broker licensing courses as well as required and optional continuing education in my field.
Awards and Honors
Top producer awards from FAAR and Re/Max.
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