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Updated almost 4 years ago on . Most recent reply

User Stats

29
Posts
1
Votes
Jorge Ibarra
  • Durham, NC
1
Votes |
29
Posts

Buying property with a Lien on it in NC

Jorge Ibarra
  • Durham, NC
Posted

So there’s a property in Nc that I’m looking to wholesale but have a title issue. They did a title search and seems there’s a heloc on the property of 10k. The seller had bought the house like 10 years ago with cash. It seems like the previous owners took a Heloc and was supposedly paid off. They are also deceased now. It seems that the bank doesn’t exist anymore , wellsfargo bank would be the ones who would have the loan but seems they can’t find it either. What can I do ? Just take subject to existing lien ? Quick claim ? Or lease option?

Hope someone can help thanks

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