I am researching chain of title for a few properties in Harris County, TX. One thing I notice is that refinance and selling events are never accompanied by a release from the previous lenders. The only time I found release is when the owner paid off the loan.
Here is a typical example from the county clerk record: https://i.imgur.com/m51EZY8.png. House was bought from builder in 2018, refinanced in 2022 and sold in 2021. In the 2020 refinance deed of trust, there was a mention of this being an extension of the previous loan so may be that took care of the need for a release. However, there is no such mention in the 2021 deed of trust when the house was sold. Is there an implicit understanding that the previous loan must be paid off when it’s sold? Can anyone with good knowledge of the matter shed some light? Thanks.
submitted by /u/illidanx