Kind of puzzled about timestamps

[jonhall80 at comcast.net]

Bruce,

Yes, you are probably right.   I know enough how banks bundle up mortgages, to agree that might be part of the problem.

Yet you might think that since many, many people pay off mortgages or pay off mortgages on sales of property every single year that they might have it down to a science by now.   It is not like I am the first mortgage than has been paid off in the past 30 years......

>From my viewpoint the person at the bank should just push the button on the desk and get a diet coke delivered to them......oh, wait....that is someone else.

>     On 03/08/2021 7:03 PM Bruce Labitt <bdlabitt at gmail.com> wrote:
>      
>      
>     If my experience is a guide, you have a few more months to go.  Once we paid off our mortgage it took almost 6 months to clear everything up.  (That was in late 2018)  What you probably aren't realizing is that they have to hunt down your paperwork.  Your note was probably transferred to dozens of investors who bought and sold paper.  They are tracking it down by going through the chain of possession.  The days of your bank holding your mortgage papers in the local vault are gone forever.  
>      
>     But yeah, late a day, they'd call you...  
> 
>     On Mon, Mar 8, 2021 at 6:21 PM < jonhall80 at comcast.net mailto:jonhall80 at comcast.net > wrote:
> 
>         > > I paid off my 30 year mortgage on November 29th, 2020 (two years early) thinking that it would be better not to carry any of it over to the next year.
> > 
> >         Then I waited for all of the associated paperwork (escrow payment refunds for property tax, deed, etc.)  At the end of January I called the bank.
> > 
> >         "Oh yes, it appears you have paid it off.   Well, it takes a little time."
> > 
> >         Then the end of February I called again.
> > 
> >         "Oh, yes, we can see the zero principal back in December....yes, you are right...any day now...."
> > 
> >         Here it is, March 8th, 2021.
> > 
> >         If I was two days late on a payment, they hounded me.
> > 
> >         They are not using a computer.   They are using quill pens and parchment.
> > 
> >         md
> >         > On 03/08/2021 4:08 PM Joshua Judson Rosen < rozzin at hackerposse.com mailto:rozzin at hackerposse.com > wrote:
> >         >
> >         > 
> >         > On 3/8/21 2:16 PM, Jerry Feldman wrote:
> >         > > I love this discussion. I've been involved with computer time since the early 1970s. While at burger King I wrote a standardized set of time utilities in cobol. Later at Digital I was responsible for the utmp libraries, and the standard test failed. The issue was that the
> >         > > standard test used a future time beyond 2035. Back then tine_t was a signed 32 bit integer
> >         >
> >         > I bought a house with a 30-year mortgage in late 2008. My first house, actually.
> >         >
> >         > All of the things that people talk about being afraid of with being a new home-buyer...,
> >         > well..., none of them compared to the sense of dread that I felt when I looked at
> >         > the end-date on the mortgage and asked myself:
> >         >
> >         >       What's the likelihood that this date is going to pass through a computer
> >         >       where time_t is not wider than 32 bits before then?
> >         >
> >         > So I pay a little extra each month.
> >         > Hopefully I can have the account closed and expunged before that point ;p
> >         >
> >         > --
> >         > Connect with me on the GNU social network: < https://status.hackerposse.com/rozzin>
> >         > Not on the network? Ask me for an invitation to a social hub!
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