Open-End Mortgage Deed: Fill & Download for Free

Get some daycare and find a job. While you’re married. Make a list of all accounts and legal papers, mortgage, deeds, marriage license, credit cards and keep it in a separate place, open your own account and put a few dollars a week in it if you can’t afford more. Then discuss thing with your husband, ask him to go to marriage counseling with you, or if you have to, go yourself. Make sure you try to work things out about the way you feel towards your marriage because it may not be loveless, you might just feel overwhelmed and depressed about being with the kids and house so much and he might not be as appreciative of that as you need right now. Leaving a marriage doesn’t mean you'll find love somewhere else, you might just end up with nothing but more worries.

A house!This house.The result was a gain of either a £105k or £60k depending on your point of view.I know I’m going to get lots of people calling bullshit on this and I can’t provide too much evidence as I don’t want this coming back on me so you’ll just have to bear with me.In 1999 my girlfriend (now wife) was expecting, so we scraped, grafted and begged to get a deposit together for our own home. The 10% deposit required was £6000 and we managed to negotiate a great deal from a retiring couple who had raised a family in that home and they wanted to see it go to a new family.We struggled to find a lender prepared to take a chance on a young couple with just one income, but one major lender (no longer exists, British readers can probably guess who) offered us a deal. The interest rate was hefty, but the repayments were just within our budget. When I say ‘just’ I do mean ‘just’. Our weekly shopping had to come in at £30 and there was nothing left for any form of luxury.Anyway, we paid the deposit and the first month’s mortgage payment and we moved in and we are very happy with our new home. At 20 years old we had achieved what most at that age could only dream of. Our own home.At the start of month two the trouble began. I checked the balance of the bank account and the mortgage payment hadn’t been taken. Knowing little about finance I panicked. In my mind the mortgage hadn’t been paid and the bailiffs would be turfing us out at any minute. I called the mortgage company immediately. The lady on the other end told me that it definitely had been paid. I assured her that due to how tight money was for us, I would definitely know if it had been taken and it definitely hadn’t left my account. After many minutes on hold and being passed round various departments each more confused than the other, I finally got a manager on the phone who assured it had definitely been paid and I needn’t worry. As far as he was concerned it was a mistake from my bank and my balance was wrong. They had definitely received it. I asked if he could put that in writing for me and he obliged.I put the money into a savings account figuring whether it was my bank or the mortgage company’s mistake, someone at some point would come looking for it.Month two rolls around and the same problem occurs. I go through the same rigmarole and again I am assured that the mortgage company have the money. Again they provide this in writing. This time I phone my bank and they assure me the money has definitely not left the account. Again I put it in a savings account.Month three and the same thing happens. This time I figure that the mortgage company have got account numbers mixed up and someone else is paying my mortgage while their own is falling behind. I raise this with the mortgage company and they assure me that is definitely not the case. They confirm the account number the money was received from and it matches mine. Again they confirm all this in writing.Months four, five and six. Same thing. Money isn’t taken, I call, they swear it has been, they send me evidence in writing and I put the money in a savings account.Month seven I don’t bother calling.By month twelve I now have a hefty sum sat in a savings account. I figure that the year-end review from either my bank or the mortgage company would finally bring the mistake to light and one of them would come demanding the money. I was looking forward to having to argue that I shouldn’t have to pay back whatever interest had accumulated as it was their mistake and I had done everything I could to inform them.Month thirteen, still nothing, and the payments still aren’t being taken out of my bank account. I call the mortgage company to inform them I now haven’t paid my mortgage for a year. Same process. This time I make it even higher up the chain and get to speak to a head of the department who sends me a personal letter assuring me it is a problem with my bank and not them. My bank do the same assuring me it is the mortgage company’s fault.Month fourteen. The shit hits the fan. I receive a letter from the mortgage company saying that I am more than a year behind in my mortgage payments, they accuse me of ignoring all previous correspondence and they will be moving to repossess unless the mortgage is cleared in full! Not chasing the missing payments, they want the whole lot plus interest, plus penalty charges and they want it now!I’m straight on the phone and they insist I have never called and they have never written to me saying they it had been paid. Of course I have evidence to counter that and I provide it. I am assured someone would be back to me. A week later I receive a letter to say that it is now being passed to some sort of a debt/legal firm who will immediately move for repossession.This is the final straw for me. I reach out to anyone I can, I write to their board of directors, their entire C-suite, heads of departments, basically everyone. I’m threatening to go the papers, to go legal whatever it takes to avoid losing my home. In one letter to their marketing department, I threaten to use the money in the savings account to take out a billboard outside their head office telling the story. I even go as far as getting quotes from a billboard company and I include that quote in the letter.To my delight I get a call from their CMO (Chief Marketing Officer). This guy is serious high up in a multinational bank. He is full of apologies and practically begging me not to put up the billboard. “What can I do to put this right?” I explain to him the stress, the lost time the impact on my credit rating. I tell him that I’m reasonable. I have the money to pay the missing payments. I’ve gained interest on a savings account. I want a written apology. I want the penalties and the interest removing. I want my credit report repairing. I want to be released from any redemption fees so I can find a new lender. Finally I want him to decide a figure that he feels would be appropriate to compensate me for this cluster fuck. Once I have that I will pay the missing payments. He agrees to it all.I receive a letter from the CMO countersigned by the CFO and CEO! Full of apologies and offering to completely write off the missing payments and give me £1000 for the stress. I’m flabbergasted. This was really above and beyond. A year’s free mortgage and a £1000 to boot! I’m searching for our first holiday abroad!I graciously accept the offer, thanking them for the offer. I say given the offer I will keep my mortgage with them. If they want I will even praise them for stepping up and owning their mistake. I’m told to expect a cheque (ahh, the good old days) in the post in 14 days.Sure enough a few days later I receive a letter from the mortgage company and I eagerly open it keen to get that £1000 cheque in the bank. I was going to get a bottle of champagne and a takeaway on the way back. That would have been a real treat for us at that point.To my huge surprise it is not a cheque. It is the deed to my house and a letter thanking me for being a customer for the last 25 years (I’m 21 at this point) and congratulating me on clearing my mortgage. My heart sinks.You’d think I’d be immediately over the moon. I wasn’t. I fully expected this to come back and bite me somehow so with a weary disdain I pick up the phone to inform them of their mistake. I’m preparing to point out I can’t have been with them 25 years unless I was a time traveller. I’m dreading dealing with the poor customer service person who doesn’t have a button on their computer to solve this. I’m thinking of the hours I am about to waste trying to get though to someone with the authority to deal with it.Then I decide fuck it.They can come chase me.They never did.I sold that house three years later for £105,000.20 years have now passed, and the bank in question no longer exists. However I’m sure somehow, some way someone is going to try and call in that debt.If they do I will offer to return the £1000 compensation cheque that arrived in the post a few days after the deed.

Yes. A Home Equity Line of Credit (HELOC) is a mortgage. A mortgage is the combination of a Promissory Note (Note) and a Trust Deed (TD). The Note deliniates the terms of the loan such as rate, payment due date, length of loan and defines penalties, default and defines that which brings about acceleration. The TD is recorded against the property being mortgaged by the lender. The recordation in most states takes place with the county Clerk and Recorder.If there is not another mortgage already recorded against the property, the HELOC would be the First mortgage. If there is already a First mortgage recorded, the HELOC would be the Second or Junior mortgage.Typically, a HELOC is an an open-end transaction based on an adjustable interest rate. The repayment terms may include interest and principal or may be interest only. HELOCs typically have a reset or balloon feature, generally at the ten year mark.By contrast, a traditional Second mortgage is generally a closed-end transaction based on a fixed interest rate and payment over a fixed term, generally 15 years.