Does it cost me money to get my Deed of Trust - Mail scams
In Arizona we use the deed of trust as the borrower's promise to pay back the note (mortgage). The Scammers are out there, and as soon we close on your home, within a weeks time, you'll get an item in the mail, telling you, you have to pay "x amount" of dollars to get a copy of this "deed" you don't. Its bull****. Throw it away and get on with your life.
You know why its BS? You already have a copy of it, especially in Arizona, home buyers sign this document at the closing table. This usually occurs 1-3 days prior to close of escrow (when the house/property changes hands from seller to buyer (figuratively).
The title company (escrow company as some call it) handles the closing by taking both buyer and sellers signatures in a timely manner prior to closing day. Once all have signed, the lender finalizes the buyers mortgage documents, releases funds to close and by 5pm on the closing day, it has officially changed hands (as long as nothing went wrong) and the buyer is a now a happy homeowner. Reach out for details or questions, 602-321-6188.
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