What is the name of your state (only U.S. law)? North Carolina
I have a question that is not really a typical scenario. I bought a piece of property a few years ago and am now looking to sell it. When I purchased it I did it with the owner financing and so a promissory note and a deed of trust was signed. Now here is where it gets strange.
- The Deed of Trust was never recorded with the county thought the Deed itself was.
- The lawyer who handled the closing and was the Trustee on the deed of trust is no longer in business
The previous owner who I had the promissory note with is willing to sign some kind of satisfaction notice or something like it.
What do I do?
Normally, isn't it customary for the Trustee to convey the complete ownership? Also keep in mind that the deed of trust was never recorded at the county for some reason.
Help please!
I have a question that is not really a typical scenario. I bought a piece of property a few years ago and am now looking to sell it. When I purchased it I did it with the owner financing and so a promissory note and a deed of trust was signed. Now here is where it gets strange.
- The Deed of Trust was never recorded with the county thought the Deed itself was.
- The lawyer who handled the closing and was the Trustee on the deed of trust is no longer in business
The previous owner who I had the promissory note with is willing to sign some kind of satisfaction notice or something like it.
What do I do?
Normally, isn't it customary for the Trustee to convey the complete ownership? Also keep in mind that the deed of trust was never recorded at the county for some reason.
Help please!
