Where Does One Find Out about Senior Loans On a Person?

[Mike Miller]

An investor I was talking to said when he would go to buy Trustee properties that had defaulted and were going to auction, he would first spend hours at the recorders office making sure the owner did not have senior loans that were unpaid, because you are responsible for all seniors loans and liens on a trustee purchase.

But how would you know whether they have a senior loan and if its paid off, where was he finding this info at the recorders office? Because the recorders office does not display the amount owed on a loan or whether its paid off, any ideas how he researched this stuff at the recorders office?

He showed me an example of his research, it showed all the loans a guy had taken out and how much each one was, which were paid off and which were not. I dont get how you get all that from the county assessors office?


Thanks