Q: Home was going into foreclosure another party got a cashiers check for amount due and paid in full.
What must be done now to transfer property over to new owner.
A: A deed must be prepared wherein the sellers of the property deed the property over to the new buyer. The note and mortgage that was paid off will have a release of mortgage generated from the lending institution that must be filed of record in the County Clerks office in the county where the property is situated.
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