What happens after paying off mortgage

[facebookdigg123]

My mom paid off her mortgage in december. the mortgage company sent a note in the mail back in Jan (i'm guessing that is the promissory note?). What is the next step to take?

[littleroc02us]

Celebrate!

[bjl584]

You should receive the Deed for the house from your lender after you mail in the final payment.

Then do as littleroc02us says an throw a party.

[MonkeyMama]

Also, if the property taxes/insurance were impounded, make sure she contacts the county and insurer to get those bills directly.

I had a relative pay off a house, and the insurer dropped them. Never gave them a call, notice, anything. It's just one of those things you don't think about if it has been impounded for 30 years. (They didn't realize until they were sued about a year after paying their house. Surprise - no insurance!)

[cypher1]

Buy another house!

[KellyJef]

Also, if the property taxes/insurance were impounded, make sure she contacts the county and insurer to get those bills directly.

That's true. If her taxes were included in her mortgage, make sure she has them mailed to her from now on. I didn't know to do that and had a penalty on my first property tax bill when I finally got it.

[khosta]

Go out on the town and celebrate!!!

[facebookdigg123]

so what if we havent received the deed yet? and which county department takes care of this stuff?

haha love everyone's suggestion on celebrating

[sigamy]

It's not possible to pay off a mortgage...

[bjl584]

It's not possible to pay off a mortgage...

Why not?