Release of Mortgage? in Connecticut Chat http://www.dslreports.com/forum/r21132102 en Wed, 07 Jan 2009 19:06:19 EDT Wed, 07 Jan 2009 19:06:19 EDT Re: Release of Mortgage? http://www.dslreports.com/forum/remark,21253956 Grumpy : Can't wait 'til my mortgage is gone. We'll have a big party.

Everyone mark their calendars -- Feb 30th, 2099.]]> http://www.dslreports.com/forum/remark,21253956 Sun, 12 Oct 2008 08:42:34 EDT Re: Release of Mortgage? http://www.dslreports.com/forum/remark,21138584 billh491 : You might want to tell your insurance agent as well.

Also just because you have a mortgage does not mean you have an escrow account. I don't I pay my tax and insurance my self.]]> http://www.dslreports.com/forum/remark,21138584 Fri, 19 Sep 2008 18:03:20 EDT Re: Release of Mortgage? http://www.dslreports.com/forum/remark,21136613 meskinct : Taxes? I haven't paid those in years.... :o :p]]> http://www.dslreports.com/forum/remark,21136613 Fri, 19 Sep 2008 12:10:56 EDT Re: Release of Mortgage? http://www.dslreports.com/forum/remark,21136228 pandora : Danbury does tax payments annually or quarterly. You can pre-pay the entire year at any time. If you are late with a quarterly payment, you get a nasty arrears bill.

meskinct make sure to pay your property taxes, and make sure they are up to date. It is your problem now :)
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"People demand freedom of speech as a compensation for the freedom of thought which they seldom use."]]> http://www.dslreports.com/forum/remark,21136228 Fri, 19 Sep 2008 11:00:29 EDT Re: Release of Mortgage? http://www.dslreports.com/forum/remark,21136088 gregamy :
said by meskinct See Profile :

Thank you. Now my only debt is to the mob so Vinny 'The Chin' doesn't break one of my legs.
Congrats!

Actually, your primary debt now is the "rent" paid to the city for property taxes; YOU now get to write that semi-annnual check to the city.

You think "Vinny" is tough on debt in arrears? Try a city scrambling for property taxes. Don't forget you're now covering that nut, ain't nobody taking in cash on escrow any more...I recommend setting up a 1/12 monthly (or even 1/52 weekly for additional interest income) auto-transfer from your checking to a good, solid, FDIC-insured savings account. Then smile that big smile in July and January when you send it off...]]> http://www.dslreports.com/forum/remark,21136088 Fri, 19 Sep 2008 10:38:05 EDT Re: Release of Mortgage? http://www.dslreports.com/forum/remark,21135549 meskinct : Thank you. Now my only debt is to the mob so Vinny 'The Chin' doesn't break one of my legs.
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Rich. My Website]]> http://www.dslreports.com/forum/remark,21135549 Fri, 19 Sep 2008 08:50:26 EDT Re: Release of Mortgage? http://www.dslreports.com/forum/remark,21135542 pandora : I can't help with your questions, but I do want to say

CONGRATS!]]> http://www.dslreports.com/forum/remark,21135542 Fri, 19 Sep 2008 08:48:20 EDT Re: Release of Mortgage? http://www.dslreports.com/forum/remark,21135516 meskinct :
said by Nightwing See Profile :

My guess is that is a filing fee and you get the deed to the house. Congrats by the way. :D
That sounds right. Just wonder why the bank couldn't handle sending this to the Town Clerk.
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Rich. My Website]]> http://www.dslreports.com/forum/remark,21135516 Fri, 19 Sep 2008 08:40:40 EDT Re: Release of Mortgage? http://www.dslreports.com/forum/remark,21134361 ctgreybeard : Interesting, I also paid off my mortgage in the last month and had the same $43 fee deducted. I haven't seen the deed yet.

Bill W
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Old dogs can learn new tricks!]]> http://www.dslreports.com/forum/remark,21134361 Thu, 18 Sep 2008 23:03:13 EDT Re: Release of Mortgage? http://www.dslreports.com/forum/remark,21134150 Nightwing : My guess is that is a filing fee and you get the deed to the house. Congrats by the way. :D]]> http://www.dslreports.com/forum/remark,21134150 Thu, 18 Sep 2008 22:15:18 EDT Release of Mortgage? http://www.dslreports.com/forum/remark,21132102 meskinct : OK so I'm confused. I just paid off my mortgage (Hooray!)

In order-
1. I call the bank/mortgage company and ask them how much to pay off the note.
2. They give me a large number back.
3. I go hand them a large check and get a small receipt.
4. A week and a half later I get a large envelope in the mail which contains -

• A copy of my original bank paperwork.
• A check from the bank saying I overpaid them by $600 someodd bucks (you think a bank could do the proper math)
• An official looking document 'Mortgage Release' along with a letter saying I need to file it with the City of Danbury and it will cost me $43

So I don't get it. Why do I need to file this and what's the $43 for? $43 to stick something in a file cabinet or check a box that says released on a computer?

Shouldn't my mortgage company have taken care of this? They put the lien on the title and should the be responsible for removing it?
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Rich. My Website]]> http://www.dslreports.com/forum/remark,21132102 Thu, 18 Sep 2008 16:00:43 EDT