Update Service and Discharge Tracking

What is a post-closing update and what does it entail?

Why conduct a post-closing title update?

What types of problems get found by doing a post-closing update?

Common problems that are routinely discovered by the CATIC update team include: defectively executed or acknowledged documents; unrecorded powers of attorney utilized to execute a deed or mortgage; improperly recorded documents (e.g. signature page missing); documents that never made it to the land records in the first place; documents recorded in the wrong town; documents recorded out of sequence such as a first mortgage and second mortgage causing priority problems; liens recorded during the gap period; missing Schedule A property descriptions; and many, many more.

When is the post-closing update conducted?

What is the discharge tracking service?

The discharge tracking service associated with an update order is to track the seller or borrower’s current mortgage payoffs and discharges. If you order a post-closing title update and a discharge/s, the Vermont team will follow through until a valid mortgage discharge has been recorded in the land records and we will report it to you. That’s right – no matter HOW long it takes, we will get that discharge for you!! This service is handled by CATICTrac.

Is it possible to pick and choose the files that I use the Update and/or discharge tracking service for or am I required to use the service(s) for all files?

Who pays for the post-closing title update and who pays for the discharge tracking service?

Most attorneys pass the costs along to the appropriate party: seller for seller’s mortgage(s); borrower for the post-closing update and borrower’s mortgage(s)). However, even if you are not able to pass the cost along, consider that a $40.00 update fee is more efficient and cost-effective than method than doing it “in-house.” As importantly, resolving ALL mortgage discharge problems for $40 is a no-brainer.

Does the discharge tracking service cover discharges for mortgages that are not in the transaction?

What types of mortgages and liens can the discharge tracking service be used for?

Can I order the discharge tracking service without ordering a post-closing title update?

Are there any municipalities in which the post-closing update service is not available? What if I have other questions?

Unfortunately, we are not able to perform post-closing title updates in the following municipalities:

Essex County: Averill, Avery’s Gore, Bloomfield, Brighton, Brunswick, East Haven, Ferdinand, Granby, Guidhall, Island Pond, Lemington, Lewis, Norton, Victory, Warner’s Grant

Franklin County: Bakersfield, Enosburg, Richford

Lamoille County: Eden, Waterville, Cambridge

Orange County: Vershire

Washington County: Woodbury

If you have questions, please call the CATIC Vermont office and we’ll be happy to offer guidance to help make your office more efficient and more profitable.

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