Store Age Deed For Free

Store papers in a cool and dry place with as low humidity as possible. Choose storage containers that have been produced with Polyvinyl Chloride because they help papers last longer. Protect papers in open binders with plastic sleeves or slips as well.

Store a copy of each of your mortgage statements for a few years to make sure all of your payments are accurate and accounted for. Keep your personal copy of your deed, promissory note and Closing Disclosure for as long as you have your loan.

Keep Home Sales Records for as Long as You Own the Property + 3 Years HOME SALE RECORDSHome sale closing documents, including closing statementAs long as you own the property + 3 yearsDeed to the houseAs long as you own the propertyBuilder's warranty or service contract for new homeUntil the warranty period ends4 more rows

Why is it important to keep mortgage documents? If a title, insurance, tax or legal question arises, your mortgage paperwork can prove invaluable. ?For instance, your homeowners insurance agent may request some of this paperwork, particularly if there is an insurance claim involved,? Ang says.

Your best bet with storing important documents is a safe deposit box. Most banks or credit unions offer safe deposit boxes.

When it comes to legal document storage, most law firms use filing cabinets and drawers for physical documents. You can still continue using the alphabetical or chronological approach when placing your file folders into your drawers and cabinets.

The lender keeps the original promissory note until you have fulfilled all obligations, i.e., paid off, your mortgage.