Congratulations on paying off your home! That’s a huge milestone. Here’s what typically happens (and what you should do) after paying off a house in Colorado:
1. Receive a Payoff Confirmation
Your mortgage lender should send you:
2. Release of Deed of Trust (Lien Release)
In Colorado, most home loans are secured with a Deed of Trust, not a mortgage. Here’s what happens:
Tip: Check with the Douglas County Clerk & Recorder after a few weeks to confirm the release was recorded.
3. Get Your Promissory Note (Sometimes)
Some lenders will return your original promissory note, marked as “Paid in Full.” Not all do, but you can request it for your records.
4. Stop Escrow Payments (If Applicable)
If you had an escrow account for taxes and insurance:
5. Notify Your Homeowners Insurance
Let your insurance provider know:
6. Keep Records
Store these safely:
7. Consider an Estate Plan or Trust
Now that your home is fully yours, it may be a good time to:
If you want help checking your county records for the lien release, please call the Douglas County Clerk & Recorder at 303-660-7469.