Why do documents need to be placed on the public record? The purpose of the recording is to prioritize who was there first, who was second. For example, a first mortgage is called the first mortgage because that lender was the first to register it. A second mortgage is called a second because this lender was the second to be registered. So by saving, you set a priority. The buyer of the property would be most interested in it. Because once the buyer receives the deed and title is transferred, the buyer wants to register that deed to make sure the buyer is the first in line. The second reason we record in the public record is constructive communication. Implied notification means that by registering a document, for example: an act, constructively or substantially, has communicated to everyone in that county what is happening. All anyone has to do to find out what happened is go to the district court and look at that particular file. The registration of a deed in the county where the property is located places the document in public registers and constructively informs subsequent buyers, mortgage lenders, creditors and the public of a transfer related to a particular parcel of real estate.
Who submits the certificate after completion? Typically, the lender sends the documents to be captured after completion. The admission fee is included in your closing fee. Typically, the lender will provide you with a copy of the escrow deed after closing. Original warranty certificates are often sent to the recipient after they have been registered.