The lender lost the orignal note after I paid off the secured loan. What should I do now?

Question

I purchased a piece of raw land, half paid, half financed by the seller. Now I paid off the loan, and prepare to get the whole title. The seller sent me the signed short deed and the request for full reconveyance. Unfortunately the seller lost the note (I am still having a copy of the note). What should I do now to get the title to my name? Thank you.

Answer 1

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Answer 2

The lender is required to take care of the satisfaction of a mortgage loan.  That is the law. If the lender has lost the original, then the lender can have attorney prepare necessary documents.  That should be at lenders expense.

I am former Recorder of Deeds.

Answer 3

Get a release of lien signed by the seller and get a warranty deed from him.  File the release of lien and the deed with the county clerk.

You will probably need a lawyer to prepare the documents unless you have an example to use in preparing them yourself.