Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 5 years ago,
Made my final mortgage payment. Now what?
So I bought this property from someone who had it under contract with a private money lender so then I continued the payments to him. I sent the guy the mortgage every month and last month was the final payment. We usually communicate through text. I texted him to confirm if he received it. He texted that he did.
This was a few days ago. He didnt deposit it yet but he usually takes his time. Anyway my question is, do I need to ask him to fill out any forms stating I paid or that the mortgage is done? He never was so official and I do have records of payments but I'm just curious is there anything I need to do on my end now or that's it?
Anything I should worry about?