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Our Services Most people do not think much about it, but most of the time when you borrow money from a bank, mortgage company or credit union, that company will place a lien against your property in the land records, in Virginia more specifically known as a Deed of Trust. This is true for most loans such as mortgages, home equity loans, lines of credit, etc. When you pay these loans off, the lien that was placed on your property is not automatically removed. The lending institution must file documentation with the recorder's office that removes the lien from your property, otherwise it stays, even though you have paid off the loan. The only way to make sure the lien has been released is to look at the property records to make sure that it has been released. |
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