Does a mortgage modification need to be recorded in the proper county to be considered binding?

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Does a mortgage modification need to be recorded in the proper county to be considered binding?

Asked on December 18, 2012 under Real Estate Law, New Jersey

Answers:

FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 9 years ago | Contributor

Good question. If there is a mortgage modification as to a particular home, there needs to be a whole new mortgage or trust deed recorded on the given property where the prior morgage would be released via written document. I suggest you consult with a real estate attorney for further assistance.


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