recording question

[nicmat]

What is the name of your state (only U.S. law)? WI

I recently sold land that I had a mortgage on. The mortgage has been paid and we are waiting on the bank to send in the satisfaction of mortgage. Can I have the warranty deed recorded prior to the satisfaction of mortgage being filed?

 

[FlyingRon]

Certainly. The warranty deed has nothing to do with the previoius lien other than it obligates the grantor in his assertions.

Of course whoever is buying the property may wish for a better assurance before remitting the funds. This is why escrow agencies generally exist (to forstall this chicken and egg situation).