What happens if you do not get your deed until five months after closing would the property still be legal?

Answer

It depends on whether you mean you received the deed (delivery of the deed) from the grantor or seller, or if you received it from the county clerk or recording office 5 mos after the closing. In what are called "race-notice" states, (NY is one, for example), the deed is effective when recorded, so the fact that you received it in the mail five mos later doesn't affect your title to the property. If you didn't receive it from the seller or it didn't get recorded till five mos. after your closing, you didn't own the property until the deed was delivered and recorded.

Answer

If you do not receive a deed until five months after closing, it does not mean ownership hasn't been changed or recorded properly title insurance ensures your interest as well as the lenders. Check with your local recording division or your title company as their attorney(s) should see to it all documents are handled accordingly.

First answer by ID0000000000. Last edit by Savemoney101. Contributor trust: 111 [recommend contributor]. Question popularity: 126 [recommend question]