I have bought my house in 2006 and had gmac as the lender in 2009 I refinanced with the mortgage being sold to Bank of America and records shows at wayne co reg of deeds that the orignal mortg was discharged and the new was never recorded.
The answer is no, you still owe the debt 100%. Also, you may want to double check to see if it was recorded. I would be shocked if it wasn't. Good luck- Reese Serra
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State, Local, and Municipal Law Attorney
As long as you owe any money on the mortgage you do not own the house free and clear, regardless of whether the mortgage is recorded. A complete mortgage release must be obtained from the lender in order for you to own it "free and clear". John W. Drury
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Real Estate Attorney
The failure to record will not affect your liability. It is possible that BOA sold or assigned the mortgage soon after you obtained it. Unfortunately the failure to record assignments, etc, is all too common. I represented a county that was actually trying to pay a homeowner and his lender money and it took months to find out the proper party, because the bank recorded with MERS.
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