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01-23-2008, 04:10 PM
| | Junior Member | | Join Date: Jan 2008
Posts: 2
| |  recording of balloon rider
What is the name of your state? Missouri
If we have a loan that has a deed of trust recorded but no balloon payment rider, but the lender says it has a rider and has one in their file that we signed is that good enough, I would of thought it would have had to have been recorded with the deed of trust in order for it to be effective. |
01-23-2008, 04:46 PM
| | Senior Member | | Join Date: Jun 2000 Location: Somnambulist University
Posts: 36,806
| | Quote:
Originally Posted by jmysray  If we have a loan that has a deed of trust recorded but no balloon payment rider, but the lender says it has a rider and has one in their file that we signed is that good enough, I would of thought it would have had to have been recorded with the deed of trust in order for it to be effective. | The only legally valid document is the one with the signatures of the applicable persons.
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01-24-2008, 09:40 AM
| | Junior Member | | Join Date: Jan 2008
Posts: 2
| | | recording
The balloon rider is signed at least the one they have in their file is, they just never recorded it with the deed of trust so my guestion is does it make it any less legal since it was not recorded with the original deed of trust and just in their loan file? |
01-24-2008, 01:17 PM
| | Senior Member | | Join Date: Mar 2006
Posts: 4,994
| | | Recording things is to protect the rights of the person making the recording. It does not affect their "legality".
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