Issues with cash-out refinance

[Theodore Tasoulas]

Trying to cash-out refi on a long-held property and bank is stating there is 75k mortgage from the 90s with no documentation its paid off. Have refinanced same property since then with no issue so not sure why. How can I get the documentation to show the bank?

[Kevin Sobilo]

@Theodore Tasoulas,  I would start by contacting the company that issued your title insurance. Get them working on the issue since you already paid them to protect you against this sort of thing.

You can also do some leg work yourself. Find out who the borrower was and the original lender and try contacting each.

You might also look at the deed filed AFTER that mortgage and see which title company or law office handled that closing. It might be on one of the documents. They might know something.

In my experience most times the issue is that the old loan is paid BUT the mortgage satisfaction document was never recorded.