I have a client whose parent's were guarantor's for her loan. They provided me with a hard-copy title of a property they owned unencumbered and this was provided to the lender. My client paid down her mortgage to the point where her parent's guarantor obligation could be released. However, the hardcopy title was never returned and the lender doesn't know where it is. However, the lender has assured me that the title is now unencumbered again. My question is, is there any need for a hardcopy title to be held by my client's parents now that titles have migrated to electronic form?
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