How Can I Get a Copy of My Closing Documents

Reader Question: How do I discover and remember the HUD last settlement argument for a property I sold in 2004 in a 1031 exchange where the title company and 1031 companies are gone, the real manor agent is deceased, her visitor no longer has whatever records, and the mortgage visitor no longer has those records?

Monty's Answer: Xv years seems like a long time, just records have a way of turning up (not every time) if you lot look in unlike places. I called a friend who owns a title visitor and hither is what he said, "We keep our title file pretty much forever. Nosotros scan the files into the computer. The closing file we keep for three years, and and then we shred the file. The closing statements are the critical documents, and then we e'er take copies of those." It may accept some detective work and shoe leather, so how important it is to find them should be weighed against the try, only here is what I would do:

1. Title companies never leave of business. If a local championship company closed upwards, they were doing business with a national underwriter. That national underwriter likely has the settlement statements from the file because they are the highest value documents. Or, the files were caused by a competitor. I would make a trip to the county register of deeds office and ask the folks from the different championship companies who work in the courthouse daily for help. Ane, or some of them will call back, and they likely know which championship company ended up with those records. Additionally, a new championship search on the belongings may plow upwardly helpful clues to run down.

2. Some of the data on the HUD statement in a 1031 substitution is on your income tax return. You may want to check with your accountant or your taxation files to determine if what you need is there.

3. Whom did you sell/exchange the belongings? You may go the information you demand from the buyers HUD statement. There is a sure amount of replication between buyer and seller statements. Buyers accept been known to receive a re-create of the seller's argument accidentally.

4. Here are some concluding tips. Did anyone accept a lawyer? Was the mortgage sold to another lender? You may not be talking to the right person at the mortgage company.

Richard Montgomery is the writer of "House Money - An Insider's Secrets to Saving Thousands When You Purchase or Sell a Dwelling house." He advocates industry reform and offers readers unbiased real estate advice. Follow him on Twitter at @dearmonty, or detect him at DearMonty.com.

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Source: https://www.statesman.com/business/20190129/dear-monty-4-tips-to-find-lost-closing-documents

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