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Updated almost 5 years ago on . Most recent reply

User Stats

23
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3
Votes
Mirzet Mehovic
3
Votes |
23
Posts

Made my final mortgage payment. Now what?

Mirzet Mehovic
Posted

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?

Most Popular Reply

User Stats

291
Posts
102
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Callum K.
  • Rental Property Investor
  • Tulsa, OK
102
Votes |
291
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Callum K.
  • Rental Property Investor
  • Tulsa, OK
Replied

In Oklahoma, I often make sure to get a lien release from the lender and get that filed ASAP

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