All documents of ownership of real property and those reflecting
a security interest in real property should be recorded (officially filed) in
the county where the property is located. This procedure is necessary to protect
one's ownership of properly. For the documents to be eligible for recording they
must meet certain statutory requirements. For example, the document must contain
a legible and correctly stated legal description and an official acknowledgment
(notarization) of the signatures.
All documents pertaining to your transaction should be kept in a secure, yet
accessible, location such as a safe-deposit box. These important papers may
be useful when preparing tax returns or if planning to sell that property.
