All Forum Posts by: Michael Gonzales

I am closing on a property when title found a 2nd on the house.  The 2nd was part of the original purchase.  Shortly after the Seller purchased the house (2005) the Mortgage Company was dissolved (prime lending issues) and the mortgage was moved to another company and over the years the mortgage has changed hands several times.

The Seller had a bankruptcy where the 2nd never came up, there is no record on her credit reports and she claims to have never made 1 payment to the 2nd.  None of the following mortgage companies claim the lien.

Look for options to close versus filing suit or having to put up 2 times the lien amount in escrow until 2nd matures.