NC has a curative statute that if the deed of trust is 15 years past its maturity date then it is cured.  We don't have to report it but I always copy the deed of trust and circle the maturity date with a 15+ written beside it.  I just don't write it up as an outstanding (mortgage) deed of trust.  The 11,000 mortgage on this thread had a 2000 maturity date so I would have written it up as being against the property.  But I often wonder why because if it wasn't satisfied with the lender  and no one is paying on it, then there should be a foreclosure proceeding started by the lender.

You don't know how many times I have found deeds of trust left on record from two or three chains back and I write them up to only have someone from an attorneys office question me as to why I even wrote that deed of trust up.  They always say you know it is satisfied.  I say if it isn't on record then I don't know it is satisfied.  It is extra work for them to call the previous closing attorney and remind him that he failed to satisfy the old deed of trust when he held the prior closing and paid it off.  Or to chase down the lender or their assigns for a Certificate of Satisfication to get recorded.