SHOULD I PAY FOR A RECORDED DEED IN MARYLAND?
Mortgage Frequently Asked Question:
Q.
I have recieved a letter offering to send me a copy of my recorded deed for $83, should I pay it?
A. NO! You would be throwing your money away!
The letter is from a deed retrieval company that provides a service you don't need.
Your Deed is recorded in the land records and what is recorded is the official Deed. The title company typically sends the original of the recorded deed to the buyers once they receive it back from the courthouse but I am not sure if the title folks you used do that. Though it is nice to have the stamped hard copy, It isn’t really necessary.
Property deeds in Maryland are accessible for FREE online via http://v3.mdlandrec.net .
Bottom line, SAVE YOUR MONEY! The "Deed Retrieval" letters should have a disclaimer (albiet most likely in a small font) that indicates that they not associated with a government agency or your lender. When in doubt, contact your loan officer or the title company that completed your closing.
SHOULD I PAY FOR A RECORDED DEED IN MARYLAND? NOPE, It's not necessary.
Warm Regards,
Bridget McGee Maryland Mortgage Mama NMLS# 196068 SWBC Mortgage. 410-960-2061 EHO bridget.mcgee@swbc.com or www.marylandmortgagemama.com
If you are considering purchasing a home in Maryland and want to be sure you are mortgage ready, my brother Tony and I will be happy to help! We help to make the mortgage process a pleasure!
If you already own your home, we are happy to provide a no-cost mortgage review to help you to determine if refinancing may be in your best interest. Please contact me at 410-960-2061.
Bridget, this is great advice to homeowners, as always!! It's too hard for people to make and keep their money without other people trying to find ways to get it.
Thanks June! If only these folks could use their brains for the betterment of society instead of scamming folks!
Bridget, This is something we tell our clients at the settlement table. NO! You do not have to pay for your recorded deed! Good reminder to be careful about sending any money being solicited via mail, phone or email.
A few weeks ago, I had someone who didn't want to use a title company; I'd submit that was an overkill on the other side equation. While I don't advocate to paying for recorded deeds, I would like to ensure the deed that is recorded is legitimate.