When entering into a real estate transaction, it is important to keep in mind as to what types of documents are considered public record and which documents are not. For example, a deed of trust is a type of public record that provides information pertaining to a specific property. Some of the information that can be found on the deed of trust includes the borrower’s name, the lender’s name, a Trustee’s name, as well as the original loan amount for the property, the legal description, the physical address, and the inception and maturity date of the loan.
A Promissory Note, also referred to as a Note, is a legal contract between a borrower and a lender where the borrower promises to pay back their debt under specific terms. These terms cover the interest rate of the Note and other types of contractual obligations. A Note is not recorded as a public record. Instead, the lender typically retains this document as the information contained within it is only privy to the lender and borrower reflected on the Note.
At Alliance Title & Escrow, we understand the importance of your confidentiality and we take this responsibility seriously. Whether we are helping you through the home closing process or securing title insurance for your property, each aspect of your transaction is treated with the upmost confidentiality – both before and after we complete any public recordings related to your real estate transaction.