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Reload this Page Merger of title after deed back from buyer

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  #1  
Old 12-28-2005, 04:02 PM
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She's 14 and he's 23 and passing around naked pictures of her!

What is the name of your state? Missouri

I thought maybe I'd get more looks at my question if I changed the heading!



A buyer borrowed money from the seller (purchase money mortgage).

The buyer could not pay so executed a general warranty deed back to seller.

Question: Does the mortgage need to be released of record OR is there a merger of title that obviates the necessity of a release being recorded?


(Yes, this is a real question and happened to someone I came in contact with.)
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Last edited by seniorjudge; 12-28-2005 at 06:10 PM.
  #2  
Old 12-29-2005, 09:12 AM
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She's 14 and he's 23 and passing around naked pictures of her!

Quote:
Originally Posted by seniorjudge
What is the name of your state? Missouri

I thought maybe I'd get more looks at my question if I changed the heading!



A buyer borrowed money from the seller (purchase money mortgage).

The buyer could not pay so executed a general warranty deed back to seller.

Question: Does the mortgage need to be released of record OR is there a merger of title that obviates the necessity of a release being recorded?


(Yes, this is a real question and happened to someone I came in contact with.)

She's 14 and he's 23 and passing around naked pictures of her!

I guess I'll have to think of a snappier title the next time I want a question answered!
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  #3  
Old 12-29-2005, 10:37 AM
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Baby you can drive my car**************...
  #4  
Old 12-29-2005, 10:38 AM
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Quote:
Originally Posted by HomeGuru
Baby you can drive my car**************...
You don't know the answer either?
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  #5  
Old 12-29-2005, 10:48 AM
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Quote:
Originally Posted by seniorjudge
You don't know the answer either?

**A: the answer is The Beatles. Now what is the question?
  #6  
Old 12-31-2005, 10:27 AM
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The seller who was deeded back the property should also, once they have it back, release the mortgage in the public record.

Before taking back the property, they should run a title search so they are aware of any intervening matters that may have attached to the RE while owned by the grantors.
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  #7  
Old 12-31-2005, 11:21 AM
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Quote:
Originally Posted by nextwife
The seller who was deeded back the property should also, once they have it back, release the mortgage in the public record.

Before taking back the property, they should run a title search so they are aware of any intervening matters that may have attached to the RE while owned by the grantors.
I agree....
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