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Title Issue: Private Mortgage to deceased parent
I have a home under contract that has a potential title issue. The seller had borrowed money from his now deceased mother for the home. He has lived in the home over 30 years and said that he paid it off years ago. My title company is now trying to track down all his siblings to sign affidavits to clear any claims on the property.
How worried should I be about this? I know this is what title companies and title insurance is there for, but this is the first time I have run across something like this.