All Forum Posts by: Scott Gifford

The bank just sends a release, called a full reconveyance, and should record it as well. 

Having a loan (at least in a deed of trust state, I'm not familiar with other systems) does not mean the bank holds your deed, title, or anything like that. When you buy, financing or not, the deed is recorded in your name. The bank then records a deed of trust assigning it to a trustee who has the power of sale if you don't pay. This is then released when the loan is paid. While the language of the deed of trust and full reconveyance might suggest a transfer, it isn't really one in any practical sense unless you don't pay. 

If you want a copy of the deed from when you bought it, you can get that from your county recorder. Often they are available online if the transaction was in the last couple decades.