Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 11 days ago, 12/19/2024

User Stats

80
Posts
31
Votes
Ram Gonzales
  • Investor
  • San Antonio, TX
31
Votes |
80
Posts

Title clearing an old paid off lien

Ram Gonzales
  • Investor
  • San Antonio, TX
Posted

I'm working on purchasing a property. An original purchase loan was taken in 1998, which was refinanced in 2004, and then again in 2005. The title company cannot find a release for the loan from 1998 and says they need proof from the seller that it was paid. He says he doesn't have anything since it was so long ago. I'm trying to track down the title company from 2004 (which looks like it may have since closed). The 2005 loan shows it as a first lien so I assume they cleared the history somehow but they are unwilling to share the policy. The seller is not very tech savvy and is going through some life issues so he isn't being very helpful in this. He's content to just walk away and let the bank have it. My question is, shouldn't this be something that the title company should know how to navigate? They keep coming back to me and asking how I would like to proceed. I'm thinking of switching to another title company but I'm not sure if that would just waste more time. Auction is in January. My lender is otherwise ready to close. We just need this release.

Loading replies...