Are they generally sent by lenders to be seen as liens on Public Record even if the loan is being paid back on time?
They are liens as soon as you get them, it has nothing to do with payments.
Home Equity Loans on Public Records standardly shown?
Leave a comment
Yes, all deeds of trust are recorded for public record upon closing the loan. It is actually a contigency of funding the loan, lenders will not release the funds from the closing until they have evidence that the deed was recorded.
References :
mortgage broker
Yes, HELOCs show up on public records, it is lien against the property.
References :
Oregon Realtor
They are liens as soon as you get them, it has nothing to do with payments.
References :