Helping Homeowners, Realtors, and Real Estate Attorneys
Solve Title Exam Issues.
There’s nothing more confusing than trying to figure out who is FANNIE MAE or FREDDIE MAC. All I can say is that they have caused me some delay in being able to complete my work efficiently.
I recently had a mortgage missing a discharge, and when I first read it, although it said “FEDERAL HOME LOAN MORTGAGE CORPORATION”. I don’t run into them to often, and when I read this, I went ahead and submitted my discharge request (a request for a release for a mortgage previously paid) to FANNIE MAE.
With computer technology being implemented into all Massachusetts Registry of Deeds locations, there are technological advanced that were once a far-fetched dream. Long gone are the days when the only way to locate a property owner was to physically locate an index book and review property transfers until you located the most recent owner. With the internet, the majority of Registry of Deeds Counties now permits the public to conduct online research with ease.
In Massachusetts, only an attorney in good standing licensed to practice law can conduct Real Estate Closings. The legislature has made this the law. The idea behind this concept is due to an attorney being held out to a high standard of professional care.
With the varies duties and obligations that attorneys confront, one such duty as part of a real estate closing is to ensure that any mortgage they pay off is eventually properly discharged with the appropriate registry of deeds.