Who Owns My Home?

Community Contributed
By Eileen M.S. Nims, Esq.
This is a question I get asked all the time. Homeownership can be a bit confusing. After you buy a home on Molokai with a mortgage, you often don’t see the actual deed, or the title to the house. It gets sent to the bank or the escrow company after recording. You may even be told that “The bank owns your home until it has been fully paid off.” However, this is not true! Once you have signed the paperwork prepared by a residential conveyancing expert, the house is yours. Your name is on the deed as owner.…