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Conveying to Insurer of Mortgage - Auction Question!
Hello! I am attempting...and not succeeding...in finding out how many liens and in what amount are on a property I am interested in at an online auction. I asked the lender (which I understand is the owner) and they direct me to the lawyer, I ask the lawyer and they direct me to the lender. I did get this piece of information from the lender though, and am wondering if anyone knows what it means:
"The subject is in the process of being conveyed to the insurer of the mortgage loan which is Department of Housing Urban Development (HUD)."