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steph2011
Jul 12, 2012, 10:32 AM
If you take a loan out for a house do you get the deed before the loan is paid off or after?

Wondergirl
Jul 12, 2012, 10:41 AM
You get the deed when the mortgage (loan) is paid off.

LisaB4657
Aug 5, 2012, 05:41 PM
It depends on the state where the property is located. In states that use a Deed of Trust you get the Deed when the loan is paid off. In states that use a Mortgage you receive the Deed when you close on the purchase. The original Mortgage Note and Mortgage get returned to you after the loan is paid off.